4 ms·

The thing they will decide policies that will influence markets. So it’s material and non-public if they make trades before an announcement.

• kortilla 5y ago
  Nope. That’s not enough. This happens many times a year with company buyouts where many shares are accumulated first, then a buyout is announced, which boosts the share price further.
  • hartator 5y ago
    > This happens many times a year with company buyouts where many shares are accumulated first, then a buyout is announced, which boosts the share price further. That doesn't make it more ethical.
    • kortilla 5y ago
      I don’t think you’ve thought that through. This is how it works for everyone who promotes something they have a vested interest in. Professors who promote their own research programs. Surgeons who come up with new techniques, etc. There is nothing wrong with coming out and saying, “we really like this company so we bought 5% of the shares and intend to take it fully private at $X/share” if the rest of the share holders are interested.