Nope. "Non-public information" is part of the definition of insider trading FFS. Only the secondary information represented by the transaction itself becomes public. The counterparty gets what they think is a good price but turns out to be a bad one because of the hidden information. That's a tangible loss to them, and any further trades they make while their putative and actual situations diverge will create more misleading market signals. This is such basic knowledge that it should be required for anyone trading anything riskier than an index fund or seeking a job in finance.
Nope. "Non-public information" is part of the definition of insider trading FFS. Only the secondary information represented by the transaction itself becomes public. The counterparty gets what they think is a good price but turns out to be a bad one because of the hidden information. That's a tangible loss to them, and any further trades they make while their putative and actual situations diverge will create more misleading market signals. This is such basic knowledge that it should be required for anyone trading anything riskier than an index fund or seeking a job in finance.