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> Oh well, whatever. Hell of a second act for that guy. And a much more legal one, too. For those that don't know the history on Blodget, you should look it up
by scurvy 11y ago
> Oh well, whatever. Hell of a second act for that guy.
And a much more legal one, too. For those that don't know the history on Blodget, you should look it up. He's barred for life from the securities industry. Silicon Valley really is the place for second chances. He played this game of musical chairs correctly.
- CPLX 11y ago> Silicon Valley really is the place for second chances. Silicon Valley is also a place where using misinformation to manipulate the price of securities is the local trade, rather than something that will get you in trouble with the authorities.
- scurvy 11y agoIn fairness to the prosecutors, it is really, really hard to prove insider trading cases. You have to prove, with evidence, that the person traded on confidential information. Short of already wiretapping someone's phone or email, that's hard to prove. That said, I still can't believe the number of people who stupidly send out this information over email or text, rather than face to face.