Comment Re:Insider info (Score 0) 146
You're right, this is not insider trading. Insider trading is legal. Employees at publically-traded companies, including those in the C-suite, perform insider trades frequently.
What is not legal is trading on insider information. Insider information is information known before the general public knows it.
It does not matter if the time-interval between private and public knowledge of the information is only milliseconds. The point is that the recipients of this information have enough time to act on it before everyone else can. And that makes it trading on insider information. And that makes it illegal.