Should I report an SEC violation I witnessed (Update)

I work for a very large publicly traded company doing b2b sales. I visited an existing client and pitched additional services for them (chasing that expansion dollar).


Said customer is a branch of a very large privately held company that we have been doing business with for years and have a nationwide partnership with to provide services to their 7000+ locations.


My contact who manages one of these locations told me he didn't think he could add more services right now. I asked if it was just their slow season (something another branch manager told me earlier the same day) and this genius said "Nope. We are busy as ever I just don't think [company] will approve me spending additional money right now because they are planning on going public in 2025."


I said "what are you talking about?" since there has been no news or announcements about this company and he said "yeah they are wanting to IPO next year".


My company expects me to report things like this to cover our own ass but my question is does this conversation equal an inappropriate passing of insider information.? And instead of asking legal, I'm asking you, the real brain-trust.


Update:


Thank you all for your input. I wasn't suggesting reporting this to the SEC because who has the time for that? I was more interested on if this is something that was worth me telling my manager who would then tell legal who would then want to schedule a teams call that could be an email because that is how serious my company takes everything. I appreciate the perspective and I am just gonna do what my dad always told me a "keep my fuckin' mouth shut"

Should I Report an SEC Violation

Attached poll
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๐Ÿ˜ค Conflict Resolution
๐Ÿง  Advice
๐Ÿ˜ณ Ethics
16
braintank
Politicker
10
Enterprise Account Executive
Someone saying a company "wants to IPO" is meaningless.
If that was an SEC violation than every late stage startup executive would be in jail.
pirate
Big Shot
4
Account Executive
Agree
jefe
Arsonist
1
๐Ÿ
*ding ding ding*
poweredbycaffeine
WR Lieutenant
5
โ˜•๏ธ
This isnโ€™t a violation.
pirate
Big Shot
4
Account Executive
A lot of companies either regularly get reacquired or do IPO. I donโ€™t think thereโ€™s anything at all to report
Kosta_Konfucius
Politicker
4
ERP Sales
Is this person under the authority to make them IPO? Seems like no.

This is more gossip IMO
oldcloser
Arsonist
4
๐Ÿ’€
Youโ€™re cleaner than a skeeterโ€™s Peter on this. Never even happened.
CuriousFox
WR Officer
3
๐ŸฆŠ
What about a skeeter eater
oldcloser
Arsonist
2
๐Ÿ’€
Ya iz wut ya ate
CuriousFox
WR Officer
3
๐ŸฆŠ
I about died
Revenue_Rambo
Politicker
2
Bad MFer
Pachacuti
Politicker
3
They call me Daddy, Sales Daddy
Keep it to yourself

Or

โ€ฆ.

Make some of that chedda while you can.

loscdxx
Big Shot
3
SMB Account Manager 2
Donโ€™t waste your energy bro. No one will take this serious. Not even the company you work for. The person youโ€™re dealing with probably has no leverage to begin with and itโ€™s just saying shit.

Let it be
Justatitle
Big Shot
2
Account Executive
If you want to hear back in 2040 from the SEC for something like this then yeah go ahead and report it.
Sunbunny31
Arsonist
2
Sr Sales Executive ๐Ÿฐ
I canโ€™t tell you how many times Iโ€™ve heard this. Wanting to IPO or working toward IPO is common. No biggie.
FinanceEngineer
Politicker
2
Sr Director, sales and partnerships
This is more of someone talking about what they want. Unless an S-1 is filed, and even then, it doesnโ€™t matter. This is a huge nothing burger.
6

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Weโ€™ve had a blatant AMA rule violation.

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