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Insider Trading Question
I'm not sure exactly what is illegal.
Let me give an example. I've owned a few shares of Tyco stock for over a year now. My company sells one of their products. I heard a few months back that they were going to be selling one of their divisions. I know that division is a very low margin business..and essentially dead weight. From my contacts at Tyco; I had heard maybe a month ago that a sale was going to be finalized in December. This was mentioned conversationally at a meeting by them. If I had loaded up on their stock based on this info...would that be illegal? (just to be clear, I did not buy any more shares). |
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