EFTA02481759

From: jeffrey E. <[email protected]> Sent: Sunday, November 1, 2015 5:12 PM To: Jeremy Rubin Subject: Re: New Yorker article on insider trading: no, classic example is i overhear =he chairman of co A telling co B chariman about a deal tomorrow. =AO I can use it. they didnt give it to me and more importantly =they did not benefit from the transfer of that info. that is t=e newest wrinkle. to be prosecuted the court said =hat the insider had to make money from the transfer. it =s the strangest ruling in securities law in decades. On Sun, Nov 1, 2015 at 12:0= PM, Jeremy Rubin Isn't inside= information always stolen? wrote: On Sun, Nov 1, 2015 at 11:50 AM, jeffrey E. =span dir="Itr"><[email protected] <mailto:[email protected]> wrote: very good, we have to be careful that the i=fo is not stolen info. , ie belongs to the co. etc. =A0 otherwise patents etc could be traded . On Sun, Nov 1, 2015 at =1:31 AM, Jeremy Rubin wrote: http://www.newyorker.com/business/currency/making-insider-tr=ding-legal Of course you're probably much more up to date o= such pieces than myself, but this seems like an interesting kernel to fra=ework a cryptosystem around. If the item being passed is informations whic= you always forward through at least a few other people before unlocking t=e information, and then are able to use that information to trade well (eg= with some probability p of having success based on quality of information=, it operates as a probabilistic payment system where you can exchange out=of the system by trading stocks in traditional systems (so you "get&q=ot; a payment some p percent of the time). Thought=? EFTA_R1_01598222 EFTA02481759 please note T=e information contained in this communication is confidential, may be a=torney-client privileged, may constitute inside information, and is int=nded only for the use of the addressee. It is the property of JEE communication or any pa=t thereof is strictly prohibited and may be unlawful. If you have recei=ed this communication in error, please notify us immediately by retu=n e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication an= all copies thereof, including all attachments. copyright -all rights r=served please =ote The information contained in this communication is confiden=ial, may be attorney-client privileged, may constitute inside informati=n, and is intended only for the use of the addressee. It is the propert= of JEE Unauthorized use, disclosure or copying of this communica=ion or any part thereof is strictly prohibited and may be unlawful. If =ou have received this communication in error, please notify us immediat=ly by return e-mail or by e-mail to [email protected] <mailto:jeevacation@gmail=com> , and destroy this comm=nication and all copies thereof, including all attachments. copyright -=11 rights reserved 2 EFTA_R1_01598223 EFTA02481760