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IANAL but I imagine corporate policies are stricter than the law here. I have a hard time imagining people getting prosecuted for "insider trading" based on ear
by dataflow 3y ago
IANAL but I imagine corporate policies are stricter than the law here. I have a hard time imagining people getting prosecuted for "insider trading" based on earnings reports half an hour after they become public, but trading windows still generally prohibit that.
- ghaff 3y agoYou're right. Caesar's wife beyond reproach and all that applies. Especially these days with computer algorithms, the idea that it might take a couple of days to price in an earnings report is pretty silly probably. (And if an employee knows a lot of dirty laundry behind the public numbers, an extra day or two probably doesn't make much of a difference anyway.)