"Rather, Bohra engaged in illegal insider trading in advance of 11 straight earnings announcements"
If he made 11 consecutive trades, he didn't need any insider info, or am I mising something here ?
Husband of Amazon employee sentenced to prison for insider trading Amazon stock
201–210 of 243 posts
Re: Husband of Amazon employee sentenced to prison for insider trading Amazon stock
#202Does anyone honestly care about a million dollar trade by some employee's husband? The bar for insider trading is hilariously low - this seems like a total waste of time and resources when you could be chasing whales like you should be.
> Does anyone honestly care about a million dollar trade by some employee's husband? It is not just random million dollars trade. Money are not created out of thin air, money are taken from someone. In this case, money was taken from Amazon shareholders. 0.000001 of each shareholder approximately. Generally, insider trading hurts trust in financial system, and when it happens unpunished, each american citizen is hurt…
There is already no trust in the financial system (it's based on usury after all).
Re: Husband of Amazon employee sentenced to prison for insider trading Amazon stock
#203Earlier quoted context omitted.
> Does anyone honestly care about a million dollar trade by some employee's husband? It is not just random million dollars trade. Money are not created out of thin air, money are taken from someone. In this case, money was taken from Amazon shareholders. 0.000001 of each shareholder approximately. Generally, insider trading hurts trust in financial system, and when it happens unpunished, each american citizen is hurt…
There is already no trust in the financial system (it's based on usury after all).
There's a lot of trust in financial system. A lot of people invest in stocks and store their pensions in 401k.
Re: Husband of Amazon employee sentenced to prison for insider trading Amazon stock
#204Having worked at Amazon, I know the employees are fully aware of blackout periods. There is no way to claim plausible deniability there. It is easier for clueless household members to get a hold of the earnings statement or unknowingly trade AMZN during blackout periods, so in some cases I can see how an honest mistake could happen. However, this guy traded 1.5M 11 times during blackout periods ahead of earning state…
It should NOT be easy for a family member to get hold of a non public earnings statement. That stuff is highly confidential. You generally can't take it out of a small set of private offices, let alone leave it on the dining table...
Re: Husband of Amazon employee sentenced to prison for insider trading Amazon stock
#205Earlier quoted context omitted.
> ...this seems like a total waste of time and resources when you could be chasing whales like you should be. That's what the Bohra's thought! It's what a lot of insider trading criminals think. They think the SEC has "thresholds" and only go after "whales". They don't, they look for patterns and go for it. Low hanging fruit is irresistible for them, it's not a "waste of resources." What's ironic is the that typical…
> They think the SEC has "thresholds" and only go after "whales". They don't, they look for patterns and go for it. So you think if someone earns 50 bucks for beer with insider trades each year, they will go after them? I mean why not, but I guess there has to be a line somewhere.
That “line”, if it exists, is not something that is publicized. I suppose it could be inferred by looking at cases, but someone could still be busted for any activity during the blackout period, I think.
The people who do insider trading, however, do it for greed. 50 bucks once a year isn’t going to cut it for them.
Re: Husband of Amazon employee sentenced to prison for insider trading Amazon stock
#206Earlier quoted context omitted.
What nonpublic information do congresspeople have about how pandemics might impact the global economy?
Insight into multiple companies' preparedness heading into a pandemic would make it easy to pick winners and losers
What non-public information about companies' preparedness would they have? Couldn't any investor research a company's pandemic preparedness? What special information about that does Congress have access to that we don't?
Re: Husband of Amazon employee sentenced to prison for insider trading Amazon stock
#207Earlier quoted context omitted.
What nonpublic information do congresspeople have about how pandemics might impact the global economy?
What kind of information do you imagine the leadership of the most powerful military and intelligence organization in human history might have?
If it was intelligence that any investor could have gathered themselves, that's not non-public. It doesn't matter that the government are the best investigators.
Re: Husband of Amazon employee sentenced to prison for insider trading Amazon stock
#208Earlier quoted context omitted.
If you work for a company that grants stock via shares or options, you're going to have to sell them at some point. At which point insider trading applies.
And your company will carefully tell you when the safe times to do so (usually a month or so after a quarterly result or some such announcement)
My very very very very large company doesn’t have stock lockup like that. I can sell my granted and vested stock at any time, unlike previous employers. Weird.
Re: Husband of Amazon employee sentenced to prison for insider trading Amazon stock
#209Earlier quoted context omitted.
And your company will carefully tell you when the safe times to do so (usually a month or so after a quarterly result or some such announcement)
My very very very very large company doesn’t have stock lockup like that. I can sell my granted and vested stock at any time, unlike previous employers. Weird.
It really depends a lot on your role. I would assume your CFO, that knows the figures he will share in the market and analysts expectations, is indeed vetoed.
Most Senior Execs and the whole Financial division typically fall under these umbrellas.
Re: Husband of Amazon employee sentenced to prison for insider trading Amazon stock
#210Earlier quoted context omitted.
> What stops from former workers at intelligence agencies from starting a hedge fund and employing all methods they learned while at work, to acquire such valuable information, trade based on that and offer others money management services? That wouldn't be insider trading. Indeed hedge funds are known to use intelligence data like satellite photos etc. If they use illegal monitoring devices, hacking for info etc, th…
> If they use illegal monitoring devices, hacking for info etc, they may fall afoul of federal espionage, wiretapping or CFFA, but it would still not be insider trading. that would still be trading on material non public information which is prohibited.
I would hope that original/primary research would not result in insider trading charges. (If I have no other connection to a company and count cars in a retailer parking lot, foot traffic, or trucks leaving a warehouse and trade based on that information, I would expect and hope that those trades would be legal, even if the findings that I self-generated were material (and of course non-public).)