4 ms·
Not close because it does not involve a public company. Still seems shady.
by ironSkillet 3y ago
Not close because it does not involve a public company. Still seems shady.
- yieldcrv 3y agoprivately held securities as well as non-equity securities can be involved in insider trading, specifically it is a fraud doctrine instead of a "publicly traded equity" doctrine, so it is quite flexible for different reasons Carta's solicitation doesn't necessarily trigger that, by mere nature of contacting people
- zerothOffset 3y ago+1 affiliates (insider) have to certify below a certain threshold its a private buyer and a private seller so no biggie
- medler 3y agoInsider trading laws apply to private companies as well. (No idea about the legal questions on this particular case though)