4 ms·
You can complain about delayed disclosure, but hiding one's fame from the public until a certain point in time isn't insider trading.
by Dracophoenix 5y ago
You can complain about delayed disclosure, but hiding one's fame from the public until a certain point in time isn't insider trading.
- HWR_14 5y agoAnd the certain point is 5%. Otherwise you are hiding a material condition about the stock, just as if you knew that the dividends were going to be twice what they were expected.
- helsinkiandrew 5y agoHe failed to follow strict and straight forward SEC rules on disclosing his purchase and then profited from not doing so. He may be able to get out of a SEC fine with some kind of excuse but it seems very unlikely the people who sold twitter shares in that period don’t have a very good case for compensation. https://www.sec.gov/Archives/edgar/data/25743/000138713113000737/ex14_02.htm https://www.sec.gov/Archives/edgar/data/25743/00013871311300... "Insider trading" refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security.