Assume I work in an office and my boss happens to be a board member of a public company (not the one I or my boss work for) and I occasionally overhear him speak on the phone about that company with its management and I use that information to personally trade that company's stock.
Would that be considered insider trading?
Oliver Peterson
Yes but they can't prove that in a court of law, nor would they suspect you in the first place.
Wyatt Wilson
Thanks, you're probably right. I'm just a small fish flying under the radar. On top of that, I'm located half-way around the world from said public company.
Cooper Parker
If it's a big noticeable trade, then yeah it'd probably be suspect. Either way, probably no hard evidence.
Jaxon Parker
if you are a small fish and invest, say 25,000 in this public company, no one is ever going to look at you.
Jackson Lopez
I would recommend that you don't. It's illegal and immoral.
Adam Gutierrez
well look who just stumbled into Veeky Forums
Daniel Wood
It's completely unethical. It's not a fair competition, how could someone spend money that they didn't earn properly. This is why this hyper-capitalist competition of over securitization is totally wrong, humans can't be trusted to be ethical in a free market.
You tell me....you tell me what's morally correct about insider trading.
Hunter Reyes
Technically yes this would be insider trading, but you would never get caught for this.
I say go for it.
Gavin Edwards
The possibility to donate the money to charities?
Dylan Brooks
We wouldn't need charities if rich people stopped ripping off the honest hard working or if insiders kept ripping off the few honest investors.
Juan Rodriguez
purely for research purposes OP, why dont you tell us the ticker symbol and whether to buy or sell it?
Evan Turner
Ask Martha Stewart, she's all about that life.
Robert Martin
yes... but you could be smart about it
like don't have no account activity then suddenly buy a bunch of put options immediately before bad results get released etc...
but if you were to actively trade that stock plus maybe one or two similar ones... (win, lose, breakeven over time) then take various punts based on the information in addition to your usual activity... then it would be much harder to detect... especially as it is personal account stuff and there isn't really any paper trail or direct link from you
Carter Peterson
It's illegal but you won't get caught.
John Ross
>> :)
at least make a few memestock threads about it on Veeky Forums so we dont lose all our $ on MGT/fantasycurrency etc.
Noah Edwards
>Posting in future court evidence thread Op, I mailed that certain deadly powder and certain device that go 'boom' to your enemies for you as you ordered. Allah be praised, your service to ISIL is great.
Jose Price
>unironically believing in spooks
Wyatt Davis
what's a spook?
Ryder Ward
>having morals >current year
Landon Scott
>pretending to be a badass to impress randoms on the internet >thinking that this will enhance your profits
Pathetic
Connor Moore
Assume I'm a NEET and I spend my days stalking board members of a public companies and with the aid of a directional microphone I occasionally overhear private conversations about that company with its management and I use that information to personally trade that company's stock.
Would that be considered insider trading?
Colton Lewis
INSIDER TRADING?
Anthony Sanders
Tell me what's morally unethical about it? All competition is unfair to the person that gets out-competed.
Dylan Ross
U should use a laser microphone and aim it at their meeting rooms.
Daniel Robinson
OP you can do it one time, but if you start doing it frequently they will catch you.
You're literally risking jail time for cash kek
Aaron Powell
>You're literally risking jail time for cash kek Oh wow noone's ever done that before
Joseph Campbell
A person of color... Dark color.
Nathan Gonzalez
how do they actually determine and discover that you have indeed been "insider trading"?
Nathaniel Cooper
>Would that be considered insider trading? yes
But when people talk about insider trading, what they really mean is under the table deals where millions or billions of dollars are being used.
You trading relatively tiny amounts of stock wouldn't be suspicious in the slightest, and you may as well take advantage of the opportunity.
I'm a lawyer and whenever I get an inside scoop on companies that I'm operating for, I trade them and make a nice chunk of change from doing so.
Call it immoral or whatever you want, but bottom line is that you're a sucker if you don't take advantage of the opportunities that present themselves to you.
Brandon Martin
Lots of research, which could take years to do.
Camden Jones
LOL
Asher Green
...
Jordan Peterson
Be smart and short or long the trade.
Christian Jackson
If you invest in it, have evidence that you actually did fundamental analysis of the company. If its fundamentals are lackluster, just say you admire your boss's leadership and have confidence he has the ability to revamp the firm