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It was third-party hearsay. The stock tip came from her stock broker, who also happened to handle transactions for people with inside knowledge. The broker didn
by ok123456 2y ago
It was third-party hearsay. The stock tip came from her stock broker, who also happened to handle transactions for people with inside knowledge. The broker didn't know the details about the FDA trials, only the movement some of his clients were making.
This is why she wasn't tried on insider trading, but instead on the story she made up to cover the fact that she was given this knowledge indirectly.
- JumpCrisscross 2y ago> stock tip came from her stock broker, who also happened to handle transactions for people with inside knowledge. The broker didn't know the details about the FDA trials Source? Not disputing the broker was facilitating others’ insider trades, but if they were, it takes the suspicion to a whole new level around why this broker is so comfortable with his clients with potential insider status making large bets just ahead of corporate events.
- jimmydddd 2y agoAgreed. I don't think she knowingly insider traded. After the fact, the authorities were going after her broker and she erased a voice mail message to protect the broker. They were upset that she deleted evidence and went after her because she was high profile.
- JumpCrisscross 2y ago> were upset that she deleted evidence and went after her because she was high profile She also previously held securities licenses. That takes entire categories of innocent error out of the picture. I hold securities licenses. I’d be held to a higher standard because plausible deniability is removed.