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OSC insider trading case hinges on ‘special relationship’ Add to ...

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Most people think that insider trading is trading on undisclosed material information. This is not legal advice, but such a view is not correct: you can trade on undisclosed material information. What you cannot do is trade on undisclosed material information while you are in a special relationship with the company that you have undisclosed material information about. So, if you’re in possession of undisclosed material information about a company, a useful question to ask yourself is, Am I in a special relationship with that company?

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