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>The implication is that he may have lost an argument with his boss re: the odds of going to jail if that memo was published Is jail time a consideration thoug
by archgoon 15y ago
>The implication is that he may have lost an argument with his boss re: the odds of going to jail if that memo was published
Is jail time a consideration though? It may just result in fines. If anyone can clarify this point it'd be useful.
- _delirium 15y agoI can't find any historical instances of someone being criminally prosecuted for a quiet-period violation. It appears the usual enforcement is to force the IPO to be delayed after resetting the quiet-period clock. Presumably there is some level of shenanigans that'd become criminal, if it violated some other bit of securities law (like deliberately manipulating the stock price, or making knowingly false statements to the SEC), but my non-lawyerly searching doesn't turn up any examples.