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Is this even true? As far as I know sharing information with random people while drink is not a crime.
by smabie 5y ago
Is this even true? As far as I know sharing information with random people while drink is not a crime.
- throwaway0a5e 5y agoIt's legally debatable but in practice the feds can screw anyone if they want to. The laws related to insider trading are broad enough (because they kind of need to be to do the job) and enough people want it to be true that the commenter can soak up easy virtue points.
- a-dub 5y agoit seems pretty simple to me: if you believe that you've learned something through your job that you wouldn't know otherwise, that may have a material effect on the movement of your job's stock price, and you tell someone about it and they trade on it, you've opened up an exposure for yourself.
- sumedh 5y ago> but in practice the feds can screw anyone if they want to. If you are in the billionaire club, you will pay a fine but the Fed wont put you in jail.
- jessaustin 5y agoThere's going to be a massive crackdown on people who yell "my company sucks!" while drinking...