Husband of Amazon employee sentenced to prison for insider trading Amazon stock

Post by sumedh » Mon, Jun 14, 2021, 2:28 PM UTC

lightgreen wrote: post #156

spoonjim wrote: post #24

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.

Post by sumedh » Mon, Jun 14, 2021, 2:35 PM UTC

chrisjharris wrote: post #111

ping_pong wrote: post #47

I love how no one on Wall Street was convicted of anything criminal even though they almost destroyed the entire global financial system. There was even text messages of fraud being committed and nothing happened. Not even clawbacks or fines or anything. The government just let them go. That was so disappointing, and one of the first signs of how Obama was going to betray the progressives and let Bush's status quo re…

I don't disagree with the general sentiment that the GFC was a total disaster, and I'd certainly not argue against the idea that a system had developed that had poor incentives, with sometimes greedy and unethical people working in it. What kind of concerns me, though, is the way that poor decision-making is conflated with breaking the law, or the belief that a terrible outcome ex-post necessarily implies illegality.…