231–240 of 243 posts
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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)
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I think people simply don't appreciate that it's an easily caught crime. Most illegal things that one might do won't ever be caught, eg you break into someone's house and it would take the police to bother investigating and then put enough effort into that one case. Or to stay in white collar you might forget to report some income, how's the tax man to know unless you are already in focus? With insider trading the in…
And it's probably all automated.
Insider trade a million, you’ve got a problem. You have to insider trade a billion so that you’re untouchable. This is probably the hourly volume of insider trading at many hedge funds like SAC.
> You have to insider trade a billion so that you’re untouchable. Some source of that? I believe that is not true. Other shareholders don't really want managers to profit from insider trading.
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> How many politicians were sent to jail for covid insider trading? What is covid insider trading? > What about the billions Jeff Bezos fleeced in taxes? I believe Jeff Bezos did no violate the law, but that's really offtopic here. > It's the rich man's world, where justice is only onto the poor. Tell that to all the rich guys went to jail. Or if you have some statistical evidence, I'd love to read it.
Jeff leverages trillions in infrastructure, the maintenance of which costs billions. Taxpayers subsidize that. You aru not being genuine with your words, but this I will clear up.
Amazon pays quite a lot of taxes, directly and indirectly. It creates jobs, improves infrastructure etc.
Anyway, that's offtopic: whether Jess should be in jail because he violated the law and whether someone should pay more taxes are completely different topics.
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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.
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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)
its not that common. i have a friend who has blackout periods on his RSUs, but no company ive worked at with RSUs has any black out period.
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The voted to pass the STOCK act, requiring disclosing these trades within ~30 days
30 days? That's some bullshit. Legislators trading based on closed-doors meetings related to "national security" (covid briefings) or even pending market-moving legislation should be on par with insider trading. It's not, and they will never collectively vote against their interests, to use their information for personal gain.
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> You have to insider trade a billion so that you’re untouchable. Some source of that? I believe that is not true. Other shareholders don't really want managers to profit from insider trading.
Print $billions/month of fake electronic money and NYAG will negotiate with you for over a year to finally decide on a gift "penalty" of empty promise and a less than 12hours of your fake money printing volume. cough Tether cough.
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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.
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Jeff leverages trillions in infrastructure, the maintenance of which costs billions. Taxpayers subsidize that. You aru not being genuine with your words, but this I will clear up.
That's what countries and governments are for: people and companies pay taxes so other people and taxes count use the infrastructure. Amazon pays quite a lot of taxes, directly and indirectly. It creates jobs, improves infrastructure etc. Anyway, that's offtopic: whether Jess should be in jail because he violated the law and whether someone should pay more taxes are completely different topics.