Material Non-Public Information and Mosaic Theory

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Please check if the following statements are correct:

Recommendations based on mosaic theory (from reliable analyst) which would probably have an impact on the price of an asset considered to be material and non-public until disseminated to the general public (as opposed to select investors). The owner of this information (research generator) can act and encourage others (clients, traders etc) to act based on this information without disclosing it to the general public. A candidate or member who is a non-client of the owner (the analyst firm) of this information can not act or encourage others to act on this info until it is made public.