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I agree with you that it's possibly unanswerable, which is more or less the point. The broader idea is that there are lots of obscure interactions like that one
by nramanand 1y ago
I agree with you that it's possibly unanswerable, which is more or less the point. The broader idea is that there are lots of obscure interactions like that one I made up.
You can switch up the doctor and CEO patient for anything else. Bankers, lenders, family friends, former professors ... An unbounded number of humans that can come into contact with useful info to trade on. What do we think are the magical constraints that prevent them from doing so? Corporate etiquette?
The ROI will obviously be a function of what information is passed. But I think that I'm more interested in understanding how often it happens rather than that any one case is "low ROI". It is interesting to consider whether it's the ROI threshold that should philosophically make/not make something insider trading.
- LeafItAlone 1y agoBut nearly all of that isn’t going to be actual insider trader, which is pretty narrowly defined: https://www.investor.gov/introduction-investing/investing-basics/glossary/insider-trading https://www.investor.gov/introduction-investing/investing-ba... That would be like saying there are 300 million peanut butter and marshmallow fluff sandwiches eaten a year because that’s the total number of sandwiches made in a year. https://www.ezcater.com/lunchrush/office/state-of-the-sandwich/ https://www.ezcater.com/lunchrush/office/state-of-the-sandwi...
- nramanand 1y agoIsn't it literally all included in this umbrella section? > Friends, business associates, family members, and other "tippees" of such officers, directors, and employees, who traded the securities after receiving such information;