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Old 08-15-05, 08:30 PM
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Location: Florida Coast
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You guys are confusing the perfectly legitimate action with the illegal one.

"Insiders" are allowed to trade their own stock. There is a public record of all their trades though (see above), so people canbe sure there is no funny business going on. The people on the list above are all "insiders" and those are their trades.

Typically though, when you hear about "Insider Trading," you are hearing about the people who made trades acting on information they had only because they were an insider - BEFORE it became public knowledge. That's the illegal part.
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