re: Splunk acquisition: Someone turned $22k into $10M in a day

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I’ve always wondered this . Like, if I walked by a copy machine at the office and accidentally saw the press release, made a huge trade and won, there would be no hard evidence of insider trading. Could I claim “luck”?

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No. You had access to MNPI and traded on it.

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can that be proven, though?

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You can claim anything you want as a defense. But unless you’re an active trader, with a real history of making “huge trades”, doubtful that this would work out for you. And even if it did, by the time your defense attorney gets done with you and your bank account, and after your company has fired you… I’m doubting that the pain would be worth the experience.