221–230 of 243 posts
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He needed Clinton's lawyer.
Instead of Martha Stewart's?
How does this even end up on the SEC or IRS radar? $1.4M seems like a blip in the grand scheme of things.
It's really easy to look for trades before significant stock jumps. In this case, he made profitable trades before 11 straight earnings announcements. I'm sure their analysis flagged his trades, and then when they found out that his wife works at Amazon, they declared, "I choose you , Pikachu!"
My wife has a series 7 security trading license. The SEC requires our personal trading accounts be flagged with this information along with information regarding my employer. Any trades I make in my employer's stock take additional processing time (along with standard blackout periods etc). I would assume people with restricted access to corporate financial statements are flagged and tracked similarly by the SEC.
Earlier quoted context omitted.
Or when she or her husband longed TSLA calls a few days before Biden announced the government (Secret Service? Forgot exactly which part) will be buying EVs.
Lol, doesn't take insider trading to see that one coming...
There's plausible deniability for sure, it might've been coincidence, and I'm not denying that.
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I have no doubt the SEC has a bunch of rules they use to flag suspicious transactions. The data analysis spits out a few names and they follow up in person to see who lawyers up and who cracks under pressure. It's also why Matt Levine's "rules of insider trading" includes "Don’t do it by buying short-dated out-of-the-money call options on merger targets". Certain transactions are suspicious as hell, especially when t…
I don't understand why "wife" has any legal bearing on this. What if it was a girlfriend? What if it was a friend? What if it was some random dude on reddit?
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Could have bought a few houses around town and made more money.
Great financial advice from a poor guy.
I am French. I have never been to America. From my point of view, so the view of an European who only know USA through the eyes of various medias. I am under the impression that justice sentences are very harsh there ! It looks like anybody can be sent to prison for pretty much nothing. Wow ! 26 months ! In France he would have been sentenced to 4 or 5 SUSPENDED months. My parents and some of their friends plans to g…
Regardless, if all I knew about France was what I saw on "various medias", my view of your country would be just as skewed as your view of mine. It reminds me of an immigrant I worked with in the 80s who spoke of how his relatives and friends back home wanted to know if the U. S. was just like the television show "Dallas". Not in Indianapolis, Indiana, it wasn't. Nor even Dallas, Texas itself, I imagine.
>he obtained from his wife, an Amazon finance employee, to place trades in Amazon stock–making a profit of $1,428,264 >Bohra engaged in illegal insider trading in advance of 11 straight earnings announcements.” >He and his family members have paid $2,652,899 in disgorgement, interest and penalties. And 26 months in prison! This is why if you're going to do any kind of trading yourself -- never touch the company you w…
How did his wife get no prison time?
Women generally get less time for the same crime.
Gained 1.5 million. Lost 2.6 plus two years in prison and his wife's job. Not a great trade.
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Representatives of the US government sold stocks, meanwhile many Americans only received “it’s the flu”, “this will be over in a few months guaranteed”. I didn’t assert anyone received info about a company. I’m only pointing out to the parent comments author that stocks were being dumped by congress prior to there being a pandemic. I don’t know what information was given in a secret report, if I did, it wouldn’t be a…
It doesn't matter what messages laypeople received from the media. All that matters is if those laypeople were capable of discovering the same facts which congresspeople had access to. Congresspeople were also subject to those messages in the media which downplayed the severity of the virus, and many laypeople also sold stocks in February despite the media opinion.
PS: email me