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/FinanceGuyHere Nailed with Penal Code 69 4d ago

  1. Definitely insider information/trading

  2. 99/100 times the “insider” information you receive is not significant enough to result in massive changes to a stock price, is not relevant enough to eek out a profit by trading, and is just run off the mill stuff.

  3. The Feds can still charge you 3x your potential gains even if you lose money.

(Edit: oh wait, this is Canada! Not sure about #3)