4 ms·
On the face of it sounds like a hard to comply with rule. If you worked high-up within a publicly traded company, you'd have to tell no one anything about your
by true_religion 12y ago
On the face of it sounds like a hard to comply with rule. If you worked high-up within a publicly traded company, you'd have to tell no one anything about your job.
- superuser2 12y agoYou simply couldn't talk about things that are relevant to your share price. "My boss was an asshole today." Fine. "We're about to get bought out for $x million." Very much not fine.
- true_religion 12y agoThe problem is that you can't go into any normal level of detail without possibly infringing on the law. Well if your boss was an asshole today, because you can't make any sales that's something you can say as a realtor in a private company, but can't say as the guy trying to close XXX,000 sized seat contracts at a public company because your inability to perform is going to be reflected in the quarterly reports. > "We're about to get bought out for $x million." Very much not fine. Here's another example. If your company is in the process of a public merger, and you're publicly involved in the M&A process you can't throw a wild party the day before the public announcement of its success, because someone will inevitably ask "why are you guys celebrating?"
- glesica 12y agoYep, I'm effectively not allowed to trade individual stocks in my job because of the fear of insider trading. And I don't even have access to insider information, it is just possible that I could, at some point, have access to such information. Mutual funds and stuff like that are fine though.
- jacquesm 12y agoSo, don't communicate with the shareholders of a public company outside of official company channels. That's a fairly easy rule.
- fnordfnordfnord 12y agoSo, launder the information through a third party like Primary Global Research.