Timeline for How is insider trading different from any other form of profit via incomplete knowledge?
Current License: CC BY-SA 4.0
6 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Oct 18, 2019 at 17:18 | comment | added | quid | No, he didn't share any HIPAA information, he didn't tell anyone about his night schlepping a CEO to a hospital, the CEO was hit in public, and he doesn't have a fiduciary duty to the company. He's not different than a stranger on the street seeing the CEO get hit by the car before he showed up. | |
| Oct 18, 2019 at 16:52 | comment | added | JACK | @quid If the EMT is called in professionally to treat the CEO and then looks for financial gains from knowledge that is protected by law (medical info), he could be in trouble... | |
| Oct 18, 2019 at 15:04 | comment | added | quid | @JACK based on what? Insider trading applies to people with a fiduciary duty to the company or to the market in general. What fiduciary duty does an EMT have to the company or markets? | |
| Oct 18, 2019 at 14:25 | comment | added | JACK | @IvanT. If you witnessed the CEO being hit and immediately bought or sold stock in his company, you'd be ok. If you were the attending EMT or doctor, you'd be in trouble. | |
| Oct 18, 2019 at 13:39 | comment | added | Ivan T. | From my knowledge, it would still make you quite liable if you were not directly involved with the company, but had information about the CEO, such as his well-being and whatnot. I'm sure out-of-company insider traders would also be subject to prosecution, regardless of whether they saw the CEO get hit by a car or whatnot. | |
| Oct 18, 2019 at 13:36 | history | answered | Aganju | CC BY-SA 4.0 |