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18:43
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Originally posted by Jockthegreat:
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Curiosity more than anything because in my mind it is murky, and this is not to try stir or antagonise but a genuine gap in understanding.
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As Densey already points out - the key would be if people traded on sensitive information and regulatory authorities being able to prove that. I don't think it is insider trading for major shareholders to act on what they think is a loss of confidence in the company/personnel concerning information they receive, or even perhaps think. Then again, I'm no ASIC investigator.
Originally posted by Densy:
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Great question, Jock.traded on that sort of information it may well constitute insider trading. People come into information about companies that is not generally known all the time. Consider our trials, drug manufacturing partners, funding bodies, ethics committe, SAB, etc. who would all know of material information before it is announced. If any of these people traded on that information they may well be trading as insiders, which is unlawful.
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(20min delay)