One reason for frequent insider trading accusations is the use of what is called “shadow” or “specialist research” by brokers, compared to general research. But this is for specific, larger clients.
The problem is that the information may get too close to the companies involved. Remember: Lots of corporate data is proprietary and restricted for dissemination by corporate employees for outsiders seeking information. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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