Lets say I have access to an investment banker of a large Brokerage firm (hypothetical). And I happened to mention to you guys that one of his clients are a very large institutional investor who is leaning towards taking a position in RMBS - would this be considered inside trading?
If it is hypothetical no. I doubt that they are ready to buy HERE. If they really do want to buy the Brokerage firm would push the price down to get the best price not the highest price available. It appears that your HYPTHETICAL client is a SELLER with the run up in price not a buyer.