It’s tough to predict the securities markets or what is going to happen on Wall Street. But you can be sure there will be more inside trading prosecutions,whether the accused is innocent or guilty. Because the law is so vague as to what constitutes insider information. Moreover, judges and juries are equally in the dark.
But another reason is the use of what is called “shadow” or “specialist research” by brokers, compared to general research. This is for specific large 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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