RE: Would it be legal?

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Larscot

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RE: Would it be legal?

posted on May 09, 2006 02:06PM

I would think the definintion would be something like this - having knowledge of an event concerning a public company before it has been made public or announced.

Doesn`t matter if he was an employee or not. Ask Martha Stewart - she traded on knowledge not public.

If the definintion is narrow like that, then he`s guilty.

I only think hes guilty of trading such an apparently large amount that he was caught by the SEC.