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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: peter_moreno who wrote (58544)8/11/2000 7:37:51 PM
From: LPS5  Read Replies (1) of 122087
 
Sorry disagree totally! No problem :) If the work done was unrelated to BreX I see no problem and the person who undertook the work (or who commissioned the work) has the right to trade based on the work they did. Public or not!

If that's your opinion, that's fine, and many people would agree. Under some circumstances, I might. But, I didn't make this stuff up, Pete:

Insider trading can occur when a person who possesses material, non-
public information
trades securities or communicates such information
to others who trade. The person who trades or "tips" information
violates the law if he has a fiduciary duty or other relationship of
trust and confidence not to use the information. The most common
examples of insider trading involve corporate officers and directors;
they owe a duty either not to trade the securities of their own
company or not to disclose any material non-public information they
possess. Trading is also prohibited when a person who receives
information through a confidential relationship uses
("misappropriates") the information for his or her own trading or
tips to others.
People who receive information in confidence can
include a broad range of persons involved in the securities markets.
From time to time, the SEC has charged investment bankers,
arbitragers, attorneys, law firm employees, accountants, bank
officers, brokers, financial reporters and even a psychiatrist with
misappropriating information and violating insider trading
prohibitions.


LPS5
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