Hmm. Tough call here. You can charge people if they're using non-public information in order to profit. They can all very easily say that they could see the situation developing worldwide based on public information and acted accordingly. "Styx told me to stock up on canned vegetables, dried beans and rice. I did that and also sold relevant stocks."
Were they using non-public information? Possibly. Probably. But it's gonna be hell to prove.
This virus was spreading before that time period, and the market was due for a correction. Maybe they did something nefarious, but this seems like smart trading in my opinion.
Hmm. Tough call here. You can charge people if they're using non-public information in order to profit. They can all very easily say that they could see the situation developing worldwide based on public information and acted accordingly. "Styx told me to stock up on canned vegetables, dried beans and rice. I did that and also sold relevant stocks."
Were they using non-public information? Possibly. Probably. But it's gonna be hell to prove.
This virus was spreading before that time period, and the market was due for a correction. Maybe they did something nefarious, but this seems like smart trading in my opinion.