Brokers have an edge over the market (especially retailers) because they get the information first. Brokers have to disseminate the information. The time frame is tight like minutes, but when you are trading on news, 1 tick can be a lot of $$. In fact, I trade 5-10 ticks. Meaning 5-10 minutes tops. If the news is explosive in 5-10 minutes the stock can go up as high as 100%.
They don’t just hand it out to just etrade
They hand it out to other brokerage
At that point it’s already too late
Its not even insider trading by them
Its public records
You need to go to that fat accountant who work at APPLE
WRITING OUT THE REPORT
Thats right is insider