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URL:  http://boards.fool.com/1-assume-there-is-a-company-that-will-go-public-30562129.aspx

Subject:  Re: Quiet Period? Insider Trading Rules... Date:  2/26/2013  6:17 AM
Author:  ncfool2 Number:  65687 of 78342

1) Assume there is a company that will go public at some point in the future and I will be considered an insider for one reason or another. In simple terms what are my obligations before buying selling stock such that my transaction will be 100% legal. Again, this IS a hypothetical situation. Not a real situation thinly veiled as a hypothetical. I understand if I was really presented with this situation I'd solicit professional advice rather than advice from a public message board.

Yes, professional advice is definitely the way to go, given the complexity of federal securities laws. Good securities lawyers don't come cheap though, so have your wallet handy, unless your corporate attorneys are providing the advice to you for 'free'. ;^)

Having said this, I'll offer some general comments which I hope are basically corr