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> ...this seems like a total waste of time and resources when you could be chasing whales like you should be. That's what the Bohra's thought! It's what a lot
by crispyambulance 5y ago
> ...this seems like a total waste of time and resources when you could be chasing whales like you should be.
That's what the Bohra's thought!
It's what a lot of insider trading criminals think. They think the SEC has "thresholds" and only go after "whales". They don't, they look for patterns and go for it. Low hanging fruit is irresistible for them, it's not a "waste of resources."
What's ironic is the that typical insider trading criminals are well-compensated exec level staff. These people pull in Nx100K total comp. The thing is, at those level their peers have wildly variable net-worth. Some come from dynastic wealth, others clawed their way up from ordinary backgrounds. Tragically the ones who clawed their way up tend to suffer from envy when they look at the toys some of their old-money peers have-- they end up looking for "shortcuts" to keep up with the Joneses. Envy can lead to ugly things.
- egman_ekki 5y ago> They think the SEC has "thresholds" and only go after "whales". They don't, they look for patterns and go for it. So you think if someone earns 50 bucks for beer with insider trades each year, they will go after them? I mean why not, but I guess there has to be a line somewhere.
- crispyambulance 5y agoThat “line”, if it exists, is not something that is publicized. I suppose it could be inferred by looking at cases, but someone could still be busted for any activity during the blackout period, I think. The people who do insider trading, however, do it for greed. 50 bucks once a year isn’t going to cut it for them.