RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Clarifying question Disclaimer: I am not a lawyer.
I believe it is NOT illegal to have insider (material, non-disclosed) information. It IS illegal to trade on it.
It is NOT illegal to pass on insider (material, non-disclosed) information - BUT if that person you told trades on it they can be found guilty of insider trading and you can be found guilty of tipping. A different offence - but still serious.