Yes, it’s an interesting and cloudy topic. I’d be up for discussions on this over the weekend.
Your predicament seems odd though, unless your friend is actually affiliated with said company and in a position that allows him access to sensitive information, ie company financials, confidential information or other non public info etc. Even then, blackout periods are less common than many choose to believe.
Won’t add any more for now, will wait for weekend if it gets selected as a topic.
