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It’s easy to understand why someone would be happy to use an "inside scoop" to stay ahead, but using that "inside scoop" is actually illegal. It's illegal for anyone to use information not available to the public to make trades on a stock exchange. That's called illegal insider trading. Under Jamaican law, you can be sentenced to up to ten years in prison plus have to pay a fine determined by the court, for insider trading. You may also be liable to pay compensation to persons who've suffered loss as a result of your insider trades. They can bring action against you for those losses.
Read a full transcript of this episode at https://kalilahreynolds.com/programmes/moneymondays
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Doing business and investing in Jamaica and the Caribbean
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