Shadow Trading – Bloomberg

I mean, on the one hand, that’s true, but on the other hand, imagine if the court said “nah that just isn’t insider trading”? (I don’t think that’s likely, since the judge has declined to dismiss the case. The SEC might still lose at trial, but if it does, that will probably be an inscrutable jury verdict that doesn’t really define the law for future cases. But if the SEC wins at trial, Panuwat could appeal, and then an appeals court could still say “nah, not insider trading.”) Then every sophisticated corporate insider — also, sorry, every Money Stuff reader — would have a blueprint for how to do insider trading legally. You find out your company’s news and you go trade the most correlated stock.

Source: Shadow Trading – Bloomberg