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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 t
by 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 agoThe 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 agoI'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 agoThe 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 agoAlso 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.