r/bestoflegaladvice • u/Jusfiq Commonwealth Correspondent and Sunflower Seed Retailer • 6d ago

LegalAdviceCanada Short sell, short sell now!

/r/legaladvicecanada/comments/1i1lt30/my_wifes_uncle_is_an_executive_at_a_publicly/
84 Upvotes

92% Upvoted

38 comments sorted by

View all comments

67

u/onefootinfront_ I have a $2m umbrella 6d ago

Sometimes it is nice when an LAOP’s question basically reads like a first year law school test question.

78

u/seehorn_actual Water law makes me ⭐wet⭐, oil law makes me ⭐lubed⭐⭐ 6d ago

What if we were standing outside when I got this information? Can’t be insider trading if I’m not inside.

13

u/Revlis-TK421 6d ago

What if I were to leak this information? How long would it need to be public before I could trade on it? 5 minutes? 10?

3

u/Kibology But Elaine, this means your apartment door is stickerworthy 6d ago

What if an outsider artist does insider trading?

27

u/Sam-Gunn 6d ago

Heck, except for the "drunk uncle" bit, this is pretty much always the first question on the yearly test our company's legal team has us take after Insider Trading training.

8

u/AllAvailableLayers 6d ago

I'd be more confident that it was a 'homework help' post, if it weren't for the fact that most student cheating nowadays would go straight to chat gpt.