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- information you obtained about
another company confidentially
during the course of your work
- Not giving inside information to
anyone else so they can trade.
Colleagues who have inside information
can lawfully trade in the market once
the information is made public in a press
release that is picked up by major media
or in a filing with the U.S. Securities and
Exchange Commission.
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Q. I am a scientist and I know
that clinical trial results will be published soon that will bolster
the Company's regulatory filing for a new use for one of our
drugs. This is a huge new market and I think the
Schering-Plough stock price will rise when the news comes
out. I want to transfer my Savings Plan balance from the
Growth Fund to the Company Stock Fund. May I?
A. No. Buying stock through the Savings Plan when you know material non-public
information is prohibited by the federal securities laws, just
as buying stock through a stockbroker is.
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