4 ms·
I mean as "selling a quarter billion dollars of stock before publicly disclosing the cyber crime of the century that you likely knew about for quite some time"
by duped 3y ago
I mean as "selling a quarter billion dollars of stock before publicly disclosing the cyber crime of the century that you likely knew about for quite some time" is less "anything" and more "trading on material non public information."
- walrus01 3y agoWhat's most amazing is they apparently thought this wouldn't be noticed by the SEC? execs of a company of that size absolutely should know better.
- taeric 3y agoHa! On this, I will blame the bad reporting, then. This story seems to focus on response to a security event. Do you have a pointer to the trades that are in question? Edit: Notably, where did you get that quote? I'm not seeing it in this story.
- duped 3y agoThis has been widely reported for two and a half years. Here's the first link I could find: https://www.crn.com/news/security/-286m-of-solarwinds-stock-sold-before-ceo-hack-disclosures https://www.crn.com/news/security/-286m-of-solarwinds-stock-... The quotes are not from the article, it's a writing style.
- taeric 3y agoUnderstood, is not news I would typically follow, so unknown to me. Thanks for link to another source! As with most answers, this one comes with questions of its own. If it was that well known and obvious, why did it take so long to move on it? I'm now interested in this topic. :D