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Judgment & ambiguity · When to escalate

In a management meeting a company insider shares something that could be material and non-public. You're not certain it crosses the line, and you have a live order in the name. What do you do in the next few minutes?

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The moment there's a real question of material non-public information, I stop trading and escalate — I do not weigh the odds myself and keep the order live.

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