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“Shadow Trading” Becomes Insider Trading

Reynolds Holding

The “invest in what you know” principle recommended by the likes of Peter Lynch and Warren Buffett applies with particular force when trading in a company in an industry where the investor works. 29] Carpenter v. 642, 652-53 (1997) (attorney with firm representing acquiror of issuer). [30] 27] Cady, Roberts. [28] 2d 833 (2d Cir.