### Comment:
yeah i saw you said the word downgrade but a downgrade is not insider information... If I publish a downgrade as a research firm or bank, i can tell whoever the fuck i want that Im going to downgrade the stock and they can trade on that info

### REPLY:
&gt;  If I publish a downgrade as a research firm or bank, i can tell whoever the fuck i want that Im going to downgrade the stock and they can trade on that info 
  
 No you can't. That's almost universally considered price sensitive information by all of the investment banks. Compliance would have would have you fired and reported to regulators in a heart beat for that.

### END.