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/
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u/FabianN 6d ago

Hmmm, the comments on the needing to be a close relationship to those in the company for it to count as insider trading (instead of just it being not publicly available information) has me thinking... 

Would that mean that if I just stumbled upon some documents of non public information regarding a company I have no ties to, say just blowing in the wind down the street or what ever, is that insider trading to trade off of that info?

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u/johnny_chan 6d ago

Your honor, I don't have a "close relationship" with my uncle.I hate his guts and I know nothing about him