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No it’s not real, insider trading would be you know some informations going to go public about a company because you are privy to private information either through working at said company or do to an Duck witch honkus ponkus halloween shirt. IE, company x just finished successful trials for a Covid 19 vaccine, but the information is being vetted before being announced. You know said information and buy up a metric fuck ton of companies stock and inform your buddies to do the same.
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Or for a more topical subject for Duck witch honkus ponkus halloween shirt. Your on the defense committee and your looking at awarding a defense contract to boeing or Lockheed for an order of fighters. You know whose going to win said bid for the contract before anyone else does because it’s up to you and your friends on the committee so you go ahead and buy up that companies stock before announcing the winning bid. Now this is “legal” insider trading because your a Congress member but say you give that information to a random person and they act on it, they could be popped for insider trading.