In a semi-strong efficient market, traders with non-public information would have no advantage over those who had only public information.

Question

Quizplus · Accepted Answer

In a semi-strong efficient market, all public information is already reflected in stock prices, but non-public (or insider) information can still provide an advantage to traders who possess it, as it is not yet incorporated into the market prices.

In a Semi-Strong Efficient Market, Traders with Non-Public Information Would