Have you ever bet on a lottery ticket?
A lot of people have. The entire idea of a lottery is that there is an equal chance for every person who bought a ticket to win the cash money and it is all dependent on luck. There is neither prejudice nor influence as it is all about chance. Now, imagine if someone had inside information on what was going to win in the next lottery, they bet on it and then they won. Would that be fair?
That is, in its most basic form, what goes on with insider trading.
Of course, it is leagues more complicated than that due to the variables and factors that go into the how and whys of the situation at hand. In fact, it is so much more complex that before the case is actually, properly proposed to a court of law, the investigation within the company may have been going on for months already, according to the website of the lawyers with Kohler Hart Powell.
Can you be affected by an allegation of insider trading? In theory, yes you can be heavily affected by it. Even if you were not knowledgeable with the insider trading that may or may not be happening with the company you work for, it is still possible that you may be brought into the allegation due to the investigation that have spanned through a period of time within the company. It may just be the luck of the draw – the short end of the stick, you might say – and in the case that happens, you’ll want to act immediately in order to make informed decisions so as to what you should do next.
Insider trading is a serious criminal accusation and so it is important, should you be involved in the case, to have experienced representation on your side.Read More