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> profits made public by the SEC stands at over $100 million, but that represents only a fraction of the money authorities believe was made I wonder, if they g
by auslander 8y ago
> profits made public by the SEC stands at over $100 million, but that represents only a fraction of the money authorities believe was made
I wonder, if they gained this much, who lost this much? Or nobody lost?
- YPCrumble 8y agoEveryone who didn't have this information and invested in the same stocks lost. EDIT: "invested" here could mean purchased the stock, held the stock, or even sold the stock without the information. Depends on the information (e.g., is it good or bad news?).
- therealdrag0 8y agoThis has come up on freakanomics or planet money, but I can't find the episode.