I have a family member ("Sue") that works for "Company A", which is currently working for another company ("Company B").
- Me > Sue > Company A > Company B
I know nothing about company B except their name (and what I can gather from their website). Although Sue is not allowed to talk about any details, I can only assume that Sue, who is in product development for Company A, knows little (if anything) about Company B's business outside what she needs to know for her job. Regardless, Sue is not sharing any information with me.
Now, I've seen Company B's stock chart and data via Nasdaq.com, and I think based solely on the data available on the (public) NASDAQ website that it would be a good company to invest in.
My question is: can I invest in this company while simultaneously avoiding insider trading accusations?
If so, what is the best way forward in legally investing in this company without raising any unwarranted suspicions?
- Is it even possible? (and if not, how long after Sue's company stops working for the company would it be ok/legitimate/legal?)
This post is obviously related (and makes clear points about material/nonpublic), but I was hoping to get a bit more nuanced response concerning my specific scenario.