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> The friend sell on time just before stock price crashes amd nets millions. Doesn’t this get looked at by the SEC? Not always, but they monitor these kinds of
by ra7 6y ago
> The friend sell on time just before stock price crashes amd nets millions.
Doesn’t this get looked at by the SEC? Not always, but they monitor these kinds of transactions especially when millions are involved.
- jchook 6y agoSince the "upcoming legislation" is public information, wouldn't this count as simple market speculation rather than insider trading?
- cosmodisk 6y agoThis was a simplified example. In real life people usually have very complex social networks and it can very easily become Senator A - Senator B- Friend's friend- Neighbors daughter and etc.