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> Since Brown didn't trade I fail to see where he violated the law This article suggests that he may have engaged in conspiracy to commit securities fraud. htt
by bobbylarrybobby 5y ago
> Since Brown didn't trade I fail to see where he violated the law
This article suggests that he may have engaged in conspiracy to commit securities fraud. https://www.latimes.com/business/la-fi-supreme-court-insider-trading-20161206-story.html https://www.latimes.com/business/la-fi-supreme-court-insider...
- throwaway0a5e 5y agoThat article seems to be talking about Wylan, not Brown. >$1.5 million in stock profits by trading on confidential tips that originated from his brother-in-law, an investment banker in California. Brown may have violated some minor regulatory laws depending on the specific details of his employment but you generally need to trade, benefit or have reason to think trading is happening on your info in order to get slapped for insider trading.