| ▲ | lesuorac 3 hours ago | |
Insider traded is expected not illegal in commodity trading. The market is intended to support consumers and producers of the commodity and there’s no requirement for either of them to inform the market of their intentions or information prior to a trade. If a coffee growers knows a blight is killing their crops they can buy millions of futures before informing the market. | ||
| ▲ | helsinkiandrew an hour ago | parent | next [-] | |
You can use your own proprietary information (for example knowledge about a coffee blight) to trade, but you can't use information stolen, misapropriated and specifically "non public government information" - The Eddie Murphy rule: https://www.akingump.com/en/insights/alerts/the-eddie-murphy... | ||
| ▲ | kasey_junk 3 hours ago | parent | prev | next [-] | |
The bar for insider trading is higher but it’s not missing. Governmental employees for instance have explicit laws about their behavior as insider trading in commodities. | ||
| ▲ | verdverm 31 minutes ago | parent | prev [-] | |
In this case, it sounds like they were privy to information outside of their own corporation which would impact their corporation. That $100k sub to the president looks to be a two-way, wall(ed garden) street. I wonder how parasocial it is | ||