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Even if he knew about it, if it was more than 6 months in advance and he follows all the legally-mandated protocols for setting up a regulated stock trade, isn'
by philipov 9y ago
Even if he knew about it, if it was more than 6 months in advance and he follows all the legally-mandated protocols for setting up a regulated stock trade, isn't he safe?
The marvel is that somehow the news was kept from hitting the media until he had finished his trade, and then was revealed immediately after the transaction was complete. I wonder how that coincidence happened.
- mizzack 9y agoThe SEC would need to be able to show that Krzanich initiated that rather large selloff based on this inside, privileged info. Given the short document retention policies in place at most companies, this would presumably prove pretty difficult.