I tried researching (I’ve been watching Suits and I’m at the part when Stutter is accused of insider trading) and I still don’t understand what they mean by “making trades based on nonpublic information”. So please explain like I’m five what this really means.
In: Economics
It’s not just that the information is non-public, it is not atypical for people to have more knowledge about the company they work for than a random person… it also needs to be something material (e.g. knowledge of an upcoming acquisition, or trading on quarterly results before they are announced).
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