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Pastimes : Investment Chat Board Lawsuits -- Ignore unavailable to you. Want to Upgrade?

To: Pluvia who wrote (7056)	1/27/2005 6:41:12 AM
From: Dale Baker	Respond to of 12465

It would be interesting to hear exactly what constitutes "when such information is obtained in violation of a duty of trust and confidence" since that is the trigger to require broad public dissemination of the information. Government security classification would certainly be a duty of trust and confidence. I assume that corporate insiders giving out information on recent or projected results would be another. Ditto planned M&A activity. Under that definition, finding out that a CEO served a jail term in the past through public sources would not qualify. Or would it, if the information came from an obscure source? What else came up in the Elgindy case that would require classification as a violation?