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To: Jack Hartmann who wrote (109)3/20/2000 8:30:00 PM
From: QuietWon  Read Replies (1) | Respond to of 117
 
Thanks for the post, Jack. Quite interesting from many viewpoints:

1. Goldman / any employer -- needs to do a through background check on new employees and establish & monitor security procedures within their own firm

2. Temporary agencies - recommending/providing staffing services better do a more thorough review or they may get sued

3. Persons doing the inside info - maybe 60 minutes or another TV show should do a segment, like was done recently on the Secret Service in respect of assassins, to identify the traits behind the persons gathering inside info.

4. When is a "tip from a friend (non-broker field)" considered "insider info"? Good point. A lot of times probably what happens is a "tip" is heard 2nd, 3rd, 4th, etc hand vs first hand, as appears the above would be classified as. So, the fact that someone may hear about something many times removed from the original source, are those that act (ie buy or sell) on such a "tip" considered to have done something wrong? What if the technicals support one's actions?

Someone somewhere sometime somehow someway will probably hack into a news service's electronic transmissions and trade off the info.