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What is considered "inside information"?

Like if I overhear 2 guys at a bar talking about their hedge fund buying a large block of stock in a company...could I go out and buy the stock the next day or would that be considered inside info?

Best Answer

ISIStudios answered a question in General Market.
364 points

ISIStudios answered one year ago …

According to the TickerHound dictionary definition:

http://www.tickerhound.com/dictionary/word/2486/inside-information

Ye s...it would be considered illegal because it's information an employee had which isn't known to company outsiders.

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