<<Are reporters and anchors of CNBC 'bound' from inside information trading?>>
Aside from wondering what you mean by "bound," the direct answer to what I think your question is: Yes, CNBC reporters and anchors may not trade on inside information. Reporters are no different from anyone else -- anyone who trades on inside information is subject to civil SEC enforcement (disgorgement and fines) as well as criminal prosecution (pen time, fines and disgorgement). There is not a reporter or anchor exception to the insider trading laws.
<<By LAW? Or 'corporate policy' <snicker -- I doubt that) ... Or both or none.>>
By law, yes. By corporate policy -- yes, that is what TD told you the first time you asked. CNBC corporate policy (whether it is CNBC or GE is irrelevant to anything) is MUCH more restrictive of trading activity than any law. So much for your snicker: the snicker appears to be on you.
To answer your implied question: if a reporter, or anyone else, knowing that inside (non public) information was going to be released in the next few minutes, hours, days, weeks, or months (there is nothing magic about four days) and that reporter, or anyone else, traded on that information, then that reporter (or anyone else) would have violated a variety of federal laws.
<<Is that clear enough for you?>>
I doubt that this is really all you wanted to know and that you did not have a point to make, but on the off chance that it was, you now have your answers.
Clear enough for you?
Troy |
