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No_Breadfruit_1849 t1_jaddgea wrote

> However, even if they sell 10 seconds after that report goes public, THAT is fine because now the information is public.

I have a minor nitpick: at my company (and I think this is pretty common if not the law) the trade window doesn't open until several business days after the report goes public. That gives the market plenty of time to digest the information, trade on it, trade on others' trades, etc.

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Slypenslyde t1_jade268 wrote

This is true and a product of me oversimplifying.

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notreallydutch t1_jadz2k8 wrote

If we're nitpicking, I choose this part:

"It's not automatically insider trading for a person involved with a company to trade in its stock"

It is insider trading, just not the illegal kind. In fact the definition of insider trading is basically a person involved with a company trading in its stock. There are additional rules and scrutiny tied to insider trading and illegal insider trading is often just referred to as insider trading but, nonetheless the general concept of insider trading is not illegal.

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singh_sarao_official t1_jaeu0kb wrote

Yep, the vast majority of public companies impose blackout periods on insider stock transactions

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