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The scheduling plan was adopted in 2015 according to Intel. Regarding the second point, yes it's a grey area. Refraining to trade when the trade is part of a s
by dsacco 9y ago
The scheduling plan was adopted in 2015 according to Intel.
Regarding the second point, yes it's a grey area. Refraining to trade when the trade is part of a scheduled plan in order to avoid a loss is insider trading if you have privileged information. In principle refraining to trade in general is probably illegal, but I admit that's a murkier area.
- ikeboy 9y agoElsewhere in this thread there are links showing this specific plan was changed in October. Intel can say whatever they want but it doesn't change what they publicly reported to the SEC. Do you have a source for your first claim that cancelling to avoid a loss is insider trading?
- dsacco 9y ago> Do you have a source for your first claim that cancelling to avoid a loss is insider trading? Yes: https://www.sec.gov/rules/final/33-7881.htm https://www.sec.gov/rules/final/33-7881.htm. The purpose of a prearranged stock plan is that it's autonomous and outside the control of insiders with privileged, confidential information. Making any decision with regards to the plan once it has been adopted, either to trade or not to trade, voids that autonomy.
- ikeboy 9y ago>the purchase or sale of a security of any issuer I don't see where they ban refraining from trading.
- ikeboy 9y agoIf you find an article more convincing than random HN commenters linking to SEC filings, see https://arstechnica.com/information-technology/2018/01/intel-ceos-sale-of-stock-just-before-security-bug-reveal-raises-questions/ https://arstechnica.com/information-technology/2018/01/intel....