Since we know everything, I want to short the sock. Is it legal?
4 replies (most recent on top)
High level employees are "blacklisted" from trading during certain periods. If you tell your friends or family to short thats still a conflict of interest and illegal. The trolls that spy on the website will track you I C U P address and arrest you. Remember Watkins? Arrested.
Emphasis is on "access." You don't have to know of any specific inside information, only that you could have it as part of your job. No issue if you're an operator, iffy if you're an engineer, no way if you're a manager or higher.
If you have access to confidential information regarding product development or financial reporting that a public investor would not have, this could be considered insider trading.
If you are only acting with public information about Seagate and a "gut feeling" - perfectly legal.
No.. not now. Wait for 2019 in my opinion..