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> The finance dudes get a clean bill of health, and the tech guy gets thrown to the feds. Maybe the finance dudes are not so retarded to sell their stock immed
by 21 9y ago
> The finance dudes get a clean bill of health, and the tech guy gets thrown to the feds.
Maybe the finance dudes are not so retarded to sell their stock immediately after one of the biggest data leaks in history with no ahead of time sell plan, and after googling what was the impact on the stock price of another data leak.
Pretty bad op-sec for a tech guy. Or maybe he's just financially clueless, and doesn't know the the reason this doesn't happen more often (executives selling after really bad news) is exactly because the SEC it's doing a good job policing it and finance guys know that you need a SEC-proof alibi for any sell.
The reason that many stocks drop sharply 5-10% after some company news releases after being relatively flat is exactly because executives are scared shit-less of selling or leaking the info before that news is public.
- Coding_Cat 9y agoMaybe the finance guy noticed the CIO putting in a huge sell option and figured "he might know something, better join in" and this caused the others to follow suit.
- bigtunacan 9y agoThat would still constitute insider trading.
- humanjvm 9y agoThe finance dudes were retarded enough to sell their stock after one of the biggest data leaks in history. "Three Equifax Inc. senior executives -- Chief Financial Officer John Gamble, and unit presidents Joseph Loughran and Rodolfo Ploder -- sold shares worth almost $1.8 million in the days after the company discovered the breach."
- mannykannot 9y ago>Pretty bad op-sec for a tech guy. In general, security does not seem to be his strong suit.