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-   -   Let's play the"would this be illegal" game (https://gfy.com/showthread.php?t=1098328)

MrMaxwell 02-01-2013 12:05 AM

Let's play the"would this be illegal" game
 
It's okay to trade stock based on a public promotion.

Would it be okay to trade based on knowing when one was going to happen before ANYONE else knows?

My first thought would be, no.. It'd be insider trading
BUT
Would it really be so since you wouldn't actually have inside about fundamentals of the actual company?

ottopottomouse 02-01-2013 04:00 AM

Is the knowing from you guessing/working it out for yourself or being told by an employee or anyone related to the business?

MrMaxwell 02-01-2013 04:50 AM

Quote:

Originally Posted by ottopottomouse (Post 19456211)
Is the knowing from you guessing/working it out for yourself or being told by an employee or anyone related to the business?

If you knew about a stock promotion before it happened.. Say, as in, something like this: the promoter told you.

AdultPornMasta 02-01-2013 05:23 AM

Quote:

Originally Posted by MrMaxwell (Post 19456242)
If you knew about a stock promotion before it happened.. Say, as in, something like this: the promoter told you.

Yeah, illegal a lot, all the way around. Conspiracy first comes to mind, followed by charges of fraud, illegal stock manipulation..........it only gets worse from there.

:2 cents:

Tony Soundview 02-01-2013 05:35 AM

Was the promoter wearing a wire when he told you this?

MrMaxwell 02-01-2013 05:51 AM

Quote:

Originally Posted by Tony Soundview (Post 19456283)
Was the promoter wearing a wire when he told you this?

Hell no, I'm better at clandestine business than that!!

LOL

No, this is just me thinking out loud

MrMaxwell 02-01-2013 05:51 AM

Quote:

Originally Posted by AdultPornMasta (Post 19456275)
Yeah, illegal a lot, all the way around. Conspiracy first comes to mind, followed by charges of fraud, illegal stock manipulation..........it only gets worse from there.

:2 cents:


I kinda thought it'd end up being a pile of different reasons :1orglaugh

lagcam 02-01-2013 06:04 AM

My turn.

If MrMxwell started a thread in which he asked if something was illegal is there any remote chance in hell that it wouldn't be illegal?

AdultPornMasta 02-01-2013 06:06 AM

Quote:

Originally Posted by MrMaxwell (Post 19456299)
I kinda thought it'd end up being a pile of different reasons :1orglaugh

You mean like how unethical and immoral it might be?

Reality?

The entire stock exchange system is unethical and immoral to begin with, so as far as I am concerned, if you can get away with it, fine. You'd be doing nothing different than the Big Boys!

:2 cents:

MrMaxwell 02-01-2013 06:06 AM

Quote:

Originally Posted by lagcam (Post 19456314)
My turn.

If MrMxwell started a thread in which he asked if something was illegal is there any remote chance in hell that it wouldn't be illegal?

Touche

BUT

Every god damned thing that is a good idea seems to be fucking illegal :mad:

MrMaxwell 02-01-2013 06:08 AM

Quote:

Originally Posted by AdultPornMasta (Post 19456319)
You mean like how unethical and immoral it might be?

Reality?

The entire stock exchange system is unethical and immoral to begin with, so as far as I am concerned, if you can get away with it, fine. You'd be doing nothing different than the Big Boys!

:2 cents:

AGREED
Only my luck is to end up being made an example of, so I try to stay clear of doing anything illegal :( If I would let myself break laws I'd have unfathomable amounts of money.


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