3 ms·

Insider trading is illegal even for non-employees. Sharing insider info with a spouse or sibling who trade on it will get all parties involved on trouble with t

Insider trading is illegal even for non-employees. Sharing insider info with a spouse or sibling who trade on it will get all parties involved on trouble with the SEC

jcrawfordor 4y ago
Usually the information these types of analysts are trying to collect isn't really "material nonpublic information" in the somewhat narrow sense of insider trading law. Some of them aren't even in the investing industry but rather work for advisory organizations like Gartner. There's sort of a wide gray area between clear MNPI and information that the company just doesn't publish. Things like employee counts, general product plans, subjective opinions about user feedback, etc.
- purpleblue 4y ago
  At least back then, they were straight asking for MNPI, although I think back then it wasn't called that. Whatever information the person was willing to provide, these people were willing to take.
landemva 4y ago
Nancy Pelosi and husband frequently trade on inside information. Supposedly it is OK due to her title of nobility, or something like that. Presidents at Federal Reserve, Kaplan and Rosengren, were reported to have been swinging seven figure stock index trades during corona panic timeframe. https://news.yahoo.com/a-timeline-of-the-federal-reserves-trading-scandal-104415556.html https://news.yahoo.com/a-timeline-of-the-federal-reserves-tr... The really big players are not prosecuted.
- KerrAvon 4y ago
  Gonna need a non-right-wing source for that “frequent” claim. Here’s some senators (mostly republicans, but also Feinstein — can we please recall her already? she has late-stage Alzheimer’s, for fuck’s sake) doing it blatantly: https://www.forbes.com/sites/jackkelly/2020/03/20/senators-accused-of-insider-trading-dumping-stocks-after-coronavirus-briefings/?sh=3324ebfe4a45 https://www.forbes.com/sites/jackkelly/2020/03/20/senators-a... The
  - landemva 4y ago
    You linked to a blogger on the Forbes site. His description of himself: "Jack Kelly I write actionable interview, career and salary advice." I didn't mention parties, though you seem to view things through a political lens. I view it as abuse of power. So many view this politically that people like McCain are re-elected until they time out. Go voters.
- deleted 4y ago
  [deleted]
deleted 4y ago
[deleted]

Insider trading is illegal even for non-employees. Sharing insider info with a spouse or sibling who trade on it will get all parties involved on trouble with the SEC

jcrawfordor 4y ago

Usually the information these types of analysts are trying to collect isn't really "material nonpublic information" in the somewhat narrow sense of insider trading law. Some of them aren't even in the investing industry but rather work for advisory organizations like Gartner. There's sort of a wide gray area between clear MNPI and information that the company just doesn't publish. Things like employee counts, general product plans, subjective opinions about user feedback, etc.

purpleblue 4y ago
At least back then, they were straight asking for MNPI, although I think back then it wasn't called that. Whatever information the person was willing to provide, these people were willing to take.

landemva 4y ago

Nancy Pelosi and husband frequently trade on inside information. Supposedly it is OK due to her title of nobility, or something like that. Presidents at Federal Reserve, Kaplan and Rosengren, were reported to have been swinging seven figure stock index trades during corona panic timeframe. https://news.yahoo.com/a-timeline-of-the-federal-reserves-trading-scandal-104415556.html https://news.yahoo.com/a-timeline-of-the-federal-reserves-tr... The really big players are not prosecuted.

KerrAvon 4y ago
Gonna need a non-right-wing source for that “frequent” claim. Here’s some senators (mostly republicans, but also Feinstein — can we please recall her already? she has late-stage Alzheimer’s, for fuck’s sake) doing it blatantly: https://www.forbes.com/sites/jackkelly/2020/03/20/senators-accused-of-insider-trading-dumping-stocks-after-coronavirus-briefings/?sh=3324ebfe4a45 https://www.forbes.com/sites/jackkelly/2020/03/20/senators-a... The
- landemva 4y ago
  You linked to a blogger on the Forbes site. His description of himself: "Jack Kelly I write actionable interview, career and salary advice." I didn't mention parties, though you seem to view things through a political lens. I view it as abuse of power. So many view this politically that people like McCain are re-elected until they time out. Go voters.
deleted 4y ago
[deleted]

deleted 4y ago

[deleted]