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That would be clear insider trading, with SEC prosecution and jail time. Unlikely if the executive has half a brain.
by sudhirj 9y ago
That would be clear insider trading, with SEC prosecution and jail time. Unlikely if the executive has half a brain.
- bartread 9y agoYeah, exactly: it's too easy for people to draw a direct line between the selling and the announcement (which, of course, people have done) for him to have been stupid enough to do it with that intent. He seems to have simply been following the pattern of previous trades. That being said, even though I don't think it's the case here, greed has been known to make people do some very stupid things.