facebookMy dad passed me $50k to buy a single stock on his behalf based on a tip from his friend who works in that company. - Seedly

Anonymous

14 Feb 2023

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General Investing

My dad passed me $50k to buy a single stock on his behalf based on a tip from his friend who works in that company.

How do I know if it is considered to be insider trading? Will I be investigated?

Discussion (6)

What are your thoughts?

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LOL you can always do it so long as there is no prove. Please, if you want to do something illegal, don't ask online.

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And I'm sure there are ways and loopholes for this.

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but honestly, should study the financial statements of this company.

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if youre telling me that this company is a blue chip company listed in Singapore, then you can go all in. At most just hold this stock for long term.

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But if it's not a well know company, maybe put like 20K and keep that 30K in some other stocks.

Yes, the is a movement of money of 50k from your dad account to your account and can be used as evidence. Do not do it.

Sounds potentially like insider trading.

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Initial subject of investigation depends on whose acco...

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