No. of Recommendations: 0
If a pro athlete bets on whether he will play in a particular game for his team, he's using information that he has by virtue of his employment. That's insider trading.
Yes, which begs the question (not you personally) about what the information Santos used was not his, especially when he was no longer part of the government. Is there some kind of NDA that is being used? Doesn't seem likely or that it would be enforceable in such circumstances or that it would really apply anyway. It will be interesting to see the legal theory underlying this.
Pete
