Pfff... beginners mistakes. There’s a TOR hidden service where you can trade insider information.
SEC charges former Amazon finance manager and family with insider trading
91–100 of 143 posts
Re: SEC charges former Amazon finance manager and family with insider trading
#92Earlier quoted context omitted.
Amazon probably had to comply with giving up the corporate monitoring data most likely.
the search query would be TLS encrypted. Amazon snoopware wouldn't be able to see it
bypassed by a TLS cert installed by employer. also not that hard for amazon to develop a browser extension and force feed it through group policy
Re: SEC charges former Amazon finance manager and family with insider trading
#93Earlier quoted context omitted.
This is absolutely true but let’s not pretend this family didn’t violate the law here either. Like, there should be a middle ground between “if you’re rich enough, you get away with anything” and “it’s acceptable for a person in finance to share insider information with family members so they can profit.”
>let’s not pretend this family didn’t violate the law here either. No actually, let's do pretend this family didn't violate the law here. Let's assume that allegedly means just that. We have this crazy double standard in the US, we want to assume the police are incompetent, but then when they accuse someone we assume they are guilty. How about we assume this is a competent accusation that may or may not be factual, a…
Reading the linked press release answers your question.
> The SEC's complaint, filed in federal court in Seattle, charges all three Bohras with violating antifraud provisions of the federal securities laws. All three Bohras have consented to the entry of final judgments permanently enjoining them from further violations of the charged provisions, and ordering them to pay total disgorgement of $1,428,094, total prejudgment interest of $118,406, and total penalties of $1,106,399.
They've admitted guilt & culpability.
Re: SEC charges former Amazon finance manager and family with insider trading
#94From the complaint, it was OTM calls and puts, but it seemed like they were trying to decide how much to go in. > 42. Prior to the completion of Bohra’s initial review, her Husband had purchased 500 Amazon shares in put options in his account on January 8. These put options had an expiration date of February 16, 2018, and they represented his expectation that Amazon’s stock price would fall by that date. > 48. During…
>> OTM calls and puts
Fastest way to get nailed for insider trading, or anything shady. Just say no.
Re: SEC charges former Amazon finance manager and family with insider trading
#95From the complaint, it was OTM calls and puts, but it seemed like they were trying to decide how much to go in. > 42. Prior to the completion of Bohra’s initial review, her Husband had purchased 500 Amazon shares in put options in his account on January 8. These put options had an expiration date of February 16, 2018, and they represented his expectation that Amazon’s stock price would fall by that date. > 48. During…
> Bohra’s Husband and Bohra’s Father-in-Law had spent more than $850,000 on purchasing Amazon call options and common stock in order to trade > Amazon’s stock price increased 2.87% over the prior day’s closing price. > In total, accounts belonging to Bohra’s Husband, her Father-in-Law, and her 10 Mother-in-Law made a profit of approximately $664,000 Am I stupid? $850,000 * 1.0287 = $874,395, which is $24,395 profit.…
Options are effectively gambling on which way you think a stock will go, rather than traditional share investment, and has much bigger returns and losses.
Re: SEC charges former Amazon finance manager and family with insider trading
#96Pfff... beginners mistakes. There’s a TOR hidden service where you can trade insider information.
What service is this?
Re: SEC charges former Amazon finance manager and family with insider trading
#97This family will likely be ruined by these charges. Even if they successfully defend against these charges, the lawyer fees will wreck them financially. Meanwhile, Mr. Musk has literally gotten a slap on the wrist for multiple flagrant violations of securities law. There are definitely two justice systems in the US. The ultra-rich do not play by the same rules that you and I do.
> Even if they successfully defend against these charges They’ve already admitted culpability: “All three Bohras have consented to the entry of final judgments permanently enjoining them from further violations of the charged provisions, and ordering them to pay total disgorgement of $1,428,094, total prejudgment interest of $118,406, and total penalties of $1,106,399. In a parallel action, the U.S. Attorney's Office…
[deleted]
Re: SEC charges former Amazon finance manager and family with insider trading
#98Earlier quoted context omitted.
Options are non-linear and highly leveraged (usually 100:1)
And it has become clear to me now that I have dipped well out of my wheelhouse. Thanks for the attempt at explanation at least haha. (Though to me, this sounds like a monopoly-money game, really odd concept).
Nah, you innately understand it! It's not a 1:1 relationship because a 2% drop of a stock will change the derivatives of that instrument in "imperfect" ways. The further away from the ground truth in anything, the more noise/variance/differing signal.
Re: SEC charges former Amazon finance manager and family with insider trading
#99Pfff... beginners mistakes. There’s a TOR hidden service where you can trade insider information.
There are CFD markets you can trade with crypto too.
Moderately liquid
Re: SEC charges former Amazon finance manager and family with insider trading
#100Earlier quoted context omitted.
This is absolutely true but let’s not pretend this family didn’t violate the law here either. Like, there should be a middle ground between “if you’re rich enough, you get away with anything” and “it’s acceptable for a person in finance to share insider information with family members so they can profit.”
>let’s not pretend this family didn’t violate the law here either. No actually, let's do pretend this family didn't violate the law here. Let's assume that allegedly means just that. We have this crazy double standard in the US, we want to assume the police are incompetent, but then when they accuse someone we assume they are guilty. How about we assume this is a competent accusation that may or may not be factual, a…
Or how about the fact that
>” All three Bohras have consented to the entry of final judgments permanently enjoining them from further violations of the charged provisions, and ordering them to pay total disgorgement of $1,428,094, total prejudgment interest of $118,406, and total penalties of $1,106,399.”
It isn’t alleged. They pled out.
There is a parallel charge against the husband by the US Attorney in the Western District of Washington, and the court can presume innocence there.
But I’m not a juror or a judge so I don’t have to make that same assumption.