▁of ▁illegal ▁ins ider ▁trad ing ▁when ▁the ▁accuracy ▁and ▁valid ity ▁of ▁information ▁may ▁be ▁incorrect ▁within ▁the ▁market place . ▁This ▁had ▁led ▁to ▁the ▁leg ality ▁of ▁ins ider ▁trad ing ▁laws ▁to ▁be ▁under ▁inten se ▁scr ut iny . ▁Though ▁it ▁is ▁legal ▁under ▁the ▁United ▁States ▁Federal ▁ins ider ▁laws ▁to ▁util ize ▁the ▁m osa ic ▁information ▁that ▁is ▁obtained ▁by ▁a ▁se cur ities ▁anal yst , ▁it ▁must ▁be ▁within ▁the ▁gu idel ines ▁of ▁the ▁confident ial ity ▁that ▁the ▁company ▁or ▁corpor ation ▁created . ▁For ▁most ▁companies ▁within ▁the ▁United ▁States ▁and ▁do ▁business ▁with ▁the ▁United ▁States , ▁these ▁gu idel ines ▁of ▁confident ial ity ▁are ▁required . ▁Some ▁of ▁the ▁controls ▁that ▁have ▁mit ig ated ▁the ▁potential ▁of ▁illegal ▁trad ing ▁within ▁the ▁m osa ic ▁theory ▁include ▁the ▁interactions ▁between ▁a ▁company ▁and ▁consult ants , ▁notification ▁in ▁connection ▁with ▁approved ▁consult ants , ▁remaining ▁alert ▁to ▁potential ▁issues , ▁comp liance ▁o vers ight , ▁information ▁bar riers , ▁and ▁being ▁within ▁the ▁SE C ▁gu idel ines . ▁These ▁gu idel ines ▁have ▁made ▁companies ▁more ▁transparent ▁with ▁their ▁financial ▁stability ▁to ▁the ▁general ▁public . ▁ ▁Under ▁ins ider ▁trad ing ▁laws , ▁anal yst s ▁may ▁not ▁use ▁material ▁non - public ▁information ▁to ▁help ▁select ▁their ▁tr ades . ▁But ▁trad ers ▁might ▁be ▁able ▁to ▁piece ▁together ▁non - material ▁non - public ▁information ▁and ▁material ▁public ▁information ▁into ▁a