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How Is This Not Front Running?

|Includes: Pfizer Inc. (PFE)

From a few weeks ago;

Recalling from my Series 7 preparation;

It would appear that the information provided by Mr. Read was material and Mr. Anderson acted on it by providing a note to his clients before it was picked up by the news wires...

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.