discussion board?

Question

Your friend has been telling you that she knows someone is a publicly traded corporation who gives her information that lets her know when to buy and sell stock in that corporation. Consequently, your friend has made quite a bit of money. She has offered to share these inside tips with you for a small percentage of any gain you may make as a result. Her offer is very tempting to you. Are these friendly tips ethical

Answer 1

No, they're definitely not ethical and you shouldn't be involved. This is called insider trading and it's against the SEC rules. You could go to jail for this.

"Insider trading" is a term that most investors have heard and usually associate with illegal conduct. But the term actually includes both legal and illegal conduct. The legal version is when corporate insiders—officers, directors, and employees—buy and sell stock in their own companies. When corporate insiders trade in their own securities, they must report their trades to the SEC.

Illegal insider trading refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security. Insider trading violations may also include "tipping" such information, securities trading by the person "tipped," and securities trading by those who misappropriate such information.

You can read more at the SEC link below.