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> As appraisers we cannot own equity or any economic rights in the companies we value. I don't think Chuck was referring to you personally, since that would be

> As appraisers we cannot own equity or any economic rights in the companies we value. I don't think Chuck was referring to you personally, since that would be a magnificently foolish thing to do. He was probably referring to the possibility of a wink or a nod to certain family members, or perhaps even to a friendly VC that sends you deal flow. Once again, I'm getting downvoted for illustrating how the vast majority of insider trading goes on unprosecuted. I'm not alleging it in this case, I'm merely pointing out that it's possible.

7Figures2Commas 13y ago
I'm pretty sure a bunch of the folks you can read about at http://www.sec.gov/spotlight/insidertrading.shtml http://www.sec.gov/spotlight/insidertrading.shtml thought that their winks and nods would go unnoticed.
- confluence 13y ago
  The vast majority of insider trading goes unprosecuted. Pointing out that some winks and nods get caught does not mean that most of them get caught.
  - 7Figures2Commas 13y ago
    I'm not sure what your point is. I never made a statement about the percentage of insider trading that was identified, nor did I suggest that most people engaged in insider trading were caught. I merely pointed out the logically obvious: a lot of the people caught engaging in insider trading probably didn't believe they'd be caught.
    - TeMPOraL 13y ago
      The point of confluence's recent comments it to highlight the obvious (or I thought it already was) fact that if it can happen, it will happen. Laws of men are not laws of physics, they don't apply unconditionally and immediately.
- confluence 13y ago
  Also looking through that list I see some really poorly executed insider trading. Going massively long options on shared brokerage accounts: > the two equally split the illicit profits in their shared brokerage accounts. -- http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370540525813#.UzuIPR9kjiM http://www.sec.gov/News/PressRelease/Detail/PressRelease/137... I mean come on! If you're going to do something illegal do it with some god damn panache; multiple separate accounts, multiple people, smaller orders, stock only, no paper trails, cash transfers, etc.

7Figures2Commas 13y ago

I'm pretty sure a bunch of the folks you can read about at http://www.sec.gov/spotlight/insidertrading.shtml http://www.sec.gov/spotlight/insidertrading.shtml thought that their winks and nods would go unnoticed.

confluence 13y ago
The vast majority of insider trading goes unprosecuted. Pointing out that some winks and nods get caught does not mean that most of them get caught.
- 7Figures2Commas 13y ago
  I'm not sure what your point is. I never made a statement about the percentage of insider trading that was identified, nor did I suggest that most people engaged in insider trading were caught. I merely pointed out the logically obvious: a lot of the people caught engaging in insider trading probably didn't believe they'd be caught.
  - TeMPOraL 13y ago
    The point of confluence's recent comments it to highlight the obvious (or I thought it already was) fact that if it can happen, it will happen. Laws of men are not laws of physics, they don't apply unconditionally and immediately.
confluence 13y ago
Also looking through that list I see some really poorly executed insider trading. Going massively long options on shared brokerage accounts: > the two equally split the illicit profits in their shared brokerage accounts. -- http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370540525813#.UzuIPR9kjiM http://www.sec.gov/News/PressRelease/Detail/PressRelease/137... I mean come on! If you're going to do something illegal do it with some god damn panache; multiple separate accounts, multiple people, smaller orders, stock only, no paper trails, cash transfers, etc.