ILLEGAL INSIDER TRADING ACTIVITIES

Insider information is regarded as material, non-public information that could significantly impact a company's stock price if it were to become publicly known. Knowledge about the private details of a company can have a huge impact on whether you will be earning profits or not.

Trading based on insider information, called insider trading, means trades undertaken by insiders with knowledge about a company’s stock and patterns. The insiders often have knowledge about security before any information related to it is made available to the public. 

Information about a stock can be anything that can have a significant impact on the investor’s decisions to buy or sell a stock. Any information that has not been released to the public yet gives an unfair advantage to insiders. Insider trading is always illegal irrespective of how the person received the information.

Edward Sylvan not only shared non-public information with a small circle of shareholders, but he also instructed them to manipulate the sentiment on social media, stock platforms and forums.