4 ms·
FWIW, insiders regularly get away with dumping regulated securities just before bad news becomes public.
by yterdy 3y ago
FWIW, insiders regularly get away with dumping regulated securities just before bad news becomes public.
- nativeit 3y agoThat’s probably because they’re largely appointed (the directors anyway) from a pool of highly conflicted industry insiders who hold little to no intention of fulfilling their public responsibilities.
- yterdy 3y agoThey're also not held accountable in any meaningful way by regulators (again, because they're highly conflicted). Bernie Madoff was the exception; most don't even get the Martha Stewart treatment, even after causing orders of magnitude more damage.