191–200 of 243 posts
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…
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…
Don't worry, if ya'll are white they'll be fine.
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…
Why do you think that serious white collar crime shouldn't involve jail time.
How does this even end up on the SEC or IRS radar? $1.4M seems like a blip in the grand scheme of things.
I don’t know about IRS but SEC enforcement actions are largely driven by complaints from regular people. Perhaps the stock broker got suspicious and acted per their ethical duties, or perhaps one of them wasn’t as tight lipped as they would have needed to be.
Earlier 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)
>And your company will carefully tell you when the safe times to do so not familiar with the whole situation, but I'd worry the company would tell me times that were advantageous for it, not necessarily for me. on edit: I suppose the downvotes are HNs way of telling me that would be a silly thing to worry about. Thanks for the clarification. on second edit: thanks for the actual clarifications as to why I would be si…
My company does this and it is a relief for legal compliance reasons.
Earlier quoted context omitted.
If simply being husband of a woman who works for Amazon can help you acquire such information on which you can perform insider trading. 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?
> 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…
Thats an interesting point, if I hack the CEO’s phone and get the earnings number a day ahead, then trade off them, I kind of wonder how that isnt insider information.
Although laws around that are so odd, especially in US, that it wouldn’t surprise me.
Stories like this boggle my mind. How do such people think that they are going to get away with this? If I were going to try something like this I would at least make some attempt to obfuscate my activities; trading through proxies, mixing in losing trades, something.
Just foolish and overconfident, although the fact the dad was mentioned probably means they roped him into doing the deeds thinking it'd be a connection removed enough.
Two tech salaries between em, and they still got greedy. I don't really understand that, trashed their careers ongoing.
Earlier quoted context omitted.
If simply being husband of a woman who works for Amazon can help you acquire such information on which you can perform insider trading. 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?
> 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…
that would still be trading on material non public information which is prohibited.
Earlier quoted context omitted.
From the article > As part of the plea agreement, Bohra’s wife will not face criminal charges. Bohra’s wife is no longer employed at Amazon.
I understand the plea deal, but why. I am assuming they had evidence she gave him the data. Why let her off?
"Giving someone the data" is probably a different violation to "trading with illegally obtained data".
She probably got a different penalty (breaking NDA or similar) then he did.