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>The Securities and Exchange Commission today announced insider trading charges against three software engineers employed at Twilio, Inc., a San Francisco-based
by RC_ITR 5y ago
>The Securities and Exchange Commission today announced insider trading charges against three software engineers employed at Twilio, Inc., a San Francisco-based cloud computing communications company, and four family members and friends for allegedly generating more than $1 million in collective profits by insider trading ahead of the company’s positive first quarter 2020 earnings announcement on May 6, 2020.
This, along with the 'Tipper/Tippee' language implies that the named engineers did not in fact trade in their own accounts.
- tempsy 5y agoi mean it’s not clear it could have been all of them. not really the point i’m making..yes it could have been done exclusively using family that the government clearly knows you’re linked to. maybe more difficult with friends.
- RC_ITR 5y agoPlease read the articles before commenting on them: >Sure, Lagudu and Chotu Pulagam knowingly tipped off, or used the brokerage accounts of, their family and close friends – Dileep Kamujula, Sai Nekkalapudi, Abhishek Dharmapurikar and Chetan Pulagam – to trade Twilio options and stock in advance of its May 6,
- usea 5y ago> Please read the articles before commenting on them: You don't have to read an article before commenting. Trying to make up rules and hold other people to them is neither kind nor constructive. Your interpretation of their post is not charitable. It's explicitly against the guidelines to accuse someone of not reading the article. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- tempsy 5y agook? what is the point? they tipped off family but sharing in the gains. sorry i said “their own personal account” and not “their family” which they lazily used to try to hide the trading activity?