Re: Is This Insider Trading?
[ QUOTE ]
[ QUOTE ]
Martha Stewart is a good example of this -- they had IMO a perfectly winnable case of insider trading against her and Baconovic, but chose not to pursue it.
[/ QUOTE ]
I'm surprised you say this. I've been told that not only was her actions not insider trading in that she had no fiduciary obligations and didn't have any material non-public information, she just knew the CEO was selling (and that she was a former stockbroker who should have known this). So instead they went after her for blatantly lying to investigators. Why do you view it differently?
[/ QUOTE ]
Because juries are stupid? A couple of the idiot jurors went on tv right after the Martha Stewart trial. They thought they convicted her of insider trading.
|