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I worked at a publicly traded company where everyone internal had knowledge of product releases with Apple. It was a trading frenzy with open discussion of trad
by datavirtue 3y ago
I worked at a publicly traded company where everyone internal had knowledge of product releases with Apple. It was a trading frenzy with open discussion of trading decisions that predictably paid off. I remember it distinctly because it was right after company-wide training on insider trading with talks of prison time etc before our discounted stock grants. All it did was teach people how to conduct insider trading. The training was considered all that was needed for compliance. Zero enforcement, insider trading is the default. Humans cannot resist.
- ghaff 3y agoWhile I don't know the specifics, product releases tend to have a whole lot less to do with stock movement than the details of financial performance. And during much of the last couple of decades it has been pretty hard for investments in Apple not to pay off.
- datavirtue 3y agoProduct release from a ragged-arse of a company that had no prior dealings with Apple nor any public information about a coming product with Apple? Insider trading. It's a fine line that most can easily convince themselves to cross.