RE:Is it legal?To be clear, Insiders withholding material positive news while raising and placing shares before that news is released, is just as illegal as withholding negative news and selling shares before that news has been released.. is it not?
But, I'd imagine withholding positive material news would have a longer paper trail and therfore a lot more exposure.
It seems, without traditional transparency a public company can get into a tangled web.