General Market Question
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?
Asked by TeachMeMore in
General Market
4 months ago
Best Answer
322 points
ISIStudios answered 4 months 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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