"This is clearly insider trading. It's non public info." is broken logic. You are allowed to trade on non-public information; in fact, for the markets to work effectively, you want people to do exactly that.
You got downvoted because you appear to have either missed the words in breach of a fiduciary duty or other relationship of trust and confidence in your own quote, or responded under the misconception that I'm arguing that the Capital One guys should be allowed to do what they did.
Well the SEC agrees, so I'll go ahead and trust them and my years of training.
Trading on any insider non-public info is actionable by the SEC. Keep your eye on this one, should be fun for those involved. I sure as hell wouldn't risk it.
