81–90 of 302 posts
Earlier quoted context omitted.
They are though https://www.thestreet.com/markets/regulation/doj-sec-probe-d...
investigations != prosecutions when sec posts the story, then I will believe it. I strongly suspect the "investigations" will lead to nowhere.
What a lame way to insider trade. I thought that instance of the Capital One analysts using internal database queries to understand which retailers were having good quarters was far more interesting and insidious. Similarly you could imagine a lot more subtle ways to leverage insider Twilio information (count of verification texts sent by client?) to make far more obscure bets. The SEC definitely takes a look at anyo…
Add to that they apparently chatted about it in some tool that had an auditable history and one can surmise that these people weren't the most sophisticated bad actors.
Swiper, no swiping!
I work in billing software for a publicly traded software company and this is a constant temptation. I'm never gonna do it because I'm not gonna blow up my career for a relative pittance, but I can't tell you how many times I've been annoyed that I couldn't act on private information and make ~$100k or so. These guys are like the kids who saw the Tide Pod challenges and decided to actually eat the pods. I bet insider…
> These guys are like the kids who saw the Tide Pod challenges and decided to actually eat the pods. I bet insider trading is not as fun when you're unemployed and bankrupt. Most insider traders are never caught, everyone eating tide pods gets sick.
Earlier quoted context omitted.
Being tempted and acting on those temptations are two different things. There is nothing damning in this comment. I appreciate the author's honesty.
I have no reasons to imply that the commenter would be tempted or acted at all. But there are means of coercion other than money. I admit though, I watched too many spy movies and TV shows
I can’t understand the rationale behind blowing up your life and career in which you made $300k+/year for a tiny $1m gain split between 3 people and their families. Why are people who should otherwise be much smarter than this doing incredibly dumb things? Just greed? and entitlement?
Not excusing what they did at all, but it should be noted that the judicial systems in India and the US are very different; its not very common to get busted for financial crimes.
I honestly think that whenever immigrants come over they should be required to attend a class about the law enforcement situation in the US, and how there's very real chances of getting prosecuted if you do crimes.
Earlier quoted context omitted.
>I bet insider trading is not as fun when you're unemployed and bankrupt. Not just unemployed, likely unemployable by any reputable company in the industry. Also, good on you for having integrity, but honestly what you say is too much for the average person to be tempted with. Does anyone have a solution for lowering that temptation and making these scenarios less likely?
You can obfuscate CII (Company Identifying Information) as much as possible. Limit the reveal to those that need to know. Auditing, and making employees aware you can see what they do with data might reduce the temptation because the risk of being discovered is (perceived to be) greater.
When is the announcement happening for the members of congress that made investments in key areas after they were briefed on covid-19 and potential impact? > We are a free market economy. They should be able to participate in that
Insider trading requires privileged access to inside information. Covid impacts to society are not inside/internal data to those companies, those briefings were happening when it was obvious we were having a global pandemic to anyone paying attention. The inputs to the deductive reasoning process were public information.
You think knowledge of the laws and regulations that Congress is going to enact before they're enacted or public is not "inside information"? Defend this stance.
I work in billing software for a publicly traded software company and this is a constant temptation. I'm never gonna do it because I'm not gonna blow up my career for a relative pittance, but I can't tell you how many times I've been annoyed that I couldn't act on private information and make ~$100k or so. These guys are like the kids who saw the Tide Pod challenges and decided to actually eat the pods. I bet insider…
>I bet insider trading is not as fun when you're unemployed and bankrupt. Not just unemployed, likely unemployable by any reputable company in the industry. Also, good on you for having integrity, but honestly what you say is too much for the average person to be tempted with. Does anyone have a solution for lowering that temptation and making these scenarios less likely?
What a lame way to insider trade. I thought that instance of the Capital One analysts using internal database queries to understand which retailers were having good quarters was far more interesting and insidious. Similarly you could imagine a lot more subtle ways to leverage insider Twilio information (count of verification texts sent by client?) to make far more obscure bets. The SEC definitely takes a look at anyo…
How is this seriously different than what any one of a million other "AI analytics" companies are doing with customer data right now?