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And Google, Microsoft, Yelp, Facebook, etc employees can buy and sell stock and have non public info as they work at the companies. The question here is, is it
by antr 12y ago
And Google, Microsoft, Yelp, Facebook, etc employees can buy and sell stock and have non public info as they work at the companies. The question here is, is it material? Inside companies you see and hear about many things... which of them material, well, that's the grey I'm referring too in part.
- steffan 12y agoEmployees always (in my experience) are explicitly restricted from trading company stock based on non-public info. There are also [usually] specific windows in which employees cannot trade in the company's stock. Additionally, I have worked for companies which prohibited transactions in any derivatives or options and barred shorting the stock.
- antr 12y agoCertainly, I too was restricted at my company: no shorting (of any stocks!) and no buy/selling of stocks x-days before earnings announcements. A part from that, you could trade without any other contractual restrictions. The determination of material information wasn't not decided by the company... and I guess it's something that is is only brought up in case of an investigation.