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Suppose you are on an airplane and you overhear two executives of a company talking about...

Suppose you are on an airplane and you overhear two executives of a company talking about a merger that is about to take place. If you buy stock based on what you overheard, are you committing insider trading?
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Answer #1

No, this will not be considered as insider trading as insider trading is the trading of public company's shares based on the confidential information.

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