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Reply to "Michigan GOP congresswoman and husband busted inside trading Elon Musk's privately held company?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If it isn't publicly traded, it isn't criminal insider trading.[/quote] Explain please.[/quote] The explanation is that the PP has no idea what insider trading is, and is babbling word salad.[/quote] +1 Yes, you can have insider trading for private stock. SEC's reach isn't limited to Nasdaq. It's just harder to enforce for private firms, because even though they deal in shares, public trades are easier to track via filings and market data. [/quote]
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