Insider Trading

Rita: I just got a Hot tip from my brother to buy Stock in McQ Corp.

Rick: Your brother works for McQ Corp., doesn’t he?

Rita: Yeah, he’s a Director in the company, so he should know if Something big is brewing.

Rick: If he’s a director and he knows something that isn’t Publicly disclosed about the company, and he’s telling you to buy stock, isn’t that Insider trading?

Rita: Insider trading?! I’m not a major Investor. I don’t plan to buy so many Shares that I’ll become a major Shareholder. All I can afford are a few shares.

Rick: Still, he’d be considered a Corporate insider and may be Breaching his Fiduciary responsibilities. Giving you this tip could get him, and you, into a lot of trouble.

Rita: Who are you, an SEC regulator? People do this kind of thing all the time, and there’s nothing Shady about it. If you’re smart, you’d buy a few shares yourself.

Rick: Uh, no thanks. I don’t think I’d look good in an orange Jumpsuit.

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Insider Trading