You are an engineer, but you are stopped on your company’s Department of Transportation (DOT) project.
One day you overhear a conversation within the cafeteria between the program manager and the project manufacture that makes you probably sure a large contract will soon be given to the ABC Company to develop and construction a key DOT subsystem.
ABC is a small firm, and its stock is traded over the counter.
You discern sure that the stock will rise from its present $2.25 per share as soon as the news of the DOT contract get out.
Would you go out and buy ABC’s stock?
1. Are you following the rules that are embedded & accepted?
2. Are you comfortable discussing & defending your activities?
3. What if everyone acted this way?
4. Are in that alternatives that rest on firmer ethical ground?
Answers: It is insider information and it is illegal. You come by your information because you work for a company that is involved contained by the contract whether you are personally working on it or not.
Basically, if it is not public information you are contained by the wrong.
If you do not work for ABC or for DOT and if you do not already have a 5% stake surrounded by any of those companies, you should be fine.
You would be violating the essence of the rules, but from a endorsed sense you should be okay.
Presuming you work for ABC, then it would be considered insider trading if you bought stock base on that information in finance of the public's knowledge.
http://en.wikipedia.org/wiki/Insider_tra...
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One day you overhear a conversation within the cafeteria between the program manager and the project manufacture that makes you probably sure a large contract will soon be given to the ABC Company to develop and construction a key DOT subsystem.
ABC is a small firm, and its stock is traded over the counter.
You discern sure that the stock will rise from its present $2.25 per share as soon as the news of the DOT contract get out.
Would you go out and buy ABC’s stock?
1. Are you following the rules that are embedded & accepted?
2. Are you comfortable discussing & defending your activities?
3. What if everyone acted this way?
4. Are in that alternatives that rest on firmer ethical ground?
How can you invest surrounded by oil/gas from hess,shell, mobil any gas company?
Answers: It is insider information and it is illegal. You come by your information because you work for a company that is involved contained by the contract whether you are personally working on it or not.
Basically, if it is not public information you are contained by the wrong.
If you do not work for ABC or for DOT and if you do not already have a 5% stake surrounded by any of those companies, you should be fine.
You would be violating the essence of the rules, but from a endorsed sense you should be okay.
Real time Intraday Data for NSE BSE & purified corrected FNO EOD Data for Metastock- Any providers?
Presuming you work for ABC, then it would be considered insider trading if you bought stock base on that information in finance of the public's knowledge.
http://en.wikipedia.org/wiki/Insider_tra...
Resolved Questions: