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Waiting for the Matt Levine column ‘Are Unrelated Press Releases Securities Fraud?’
by vitorsr 3y ago
Waiting for the Matt Levine column ‘Are Unrelated Press Releases Securities Fraud?’
- brookst 3y agoIn which he concludes that, yes, they are. But so is not issuing unrelated press releases when bad news strikes.
- gniv 3y ago> ‘Are Unrelated Press Releases Securities Fraud?’ You jest, but they actually could be. One scenario would be for insiders to trade on the information after they released it publicly. So the temporary obfuscation might give them time to trade before the news had time to affect the stock.