[mannykannot]

Let's suppose Bonthu did in fact tell you in advance, and you acted on it. The SEC can see your trades, and you don't know if Bonthu has mentioned this conversation to someone else - in particular, you don't know if he told, or will tell, the SEC or FBI. What are you going to say when the FBI comes asking? If they can show you lied to them, you just made things a whole lot worse for yourself. Did you tell someone else? If they also acted, they may well face the same issue, and they might well choose full disclosure...

[sumedh]

> If they can show you lied to them

Take the fifth?

[mannykannot]

IANAL, I would guess not answering is safer than lying, but it does not stop the investigation of you, and it does signal information. Obviously, the fifth is far from a stay out of jail card, if a case can be made from other peoples' testimony.