An analyst or investor who takes the time and trouble to have a chat with a CEO or CFO of a company and/or its competitors is probably gaining insight in more than 9/10 cases, NOT INSIDER information.
An insider is someone who has information about specific numbers, when the numbers will be published and what the consensus is expecting. That kind of person is an insider.
However if someone gains insight through in-the-field research, that product or service XYZ could bring trouble or large profits, then it's okay. I think anyway.
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