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    Insider trade on Splunk acquisition?

    (twitter.com)
    417 points mkmk | 19 comments | 21 Sep 23 15:58 UTC | HN request time: 1.788s | source | bottom
    1. jkubicek ◴[21 Sep 23 16:42 UTC] No.37600265[source]▶
    Obviously I don't condone insider trading, but it's nice to see someone go all in and make some real money. If you're going to risk jail time, you might as well do it for life-changing amounts of cash.

    Contrast this with Stephen Buyer who's going to trial and may well end up in jail for a piddly few $100k.

    replies(4): >>37600283 #>>37601680 #>>37601834 #>>37607711 #
    2. sokoloff ◴[21 Sep 23 16:43 UTC] No.37600283[source]▶
    I expect this trade will indeed change the trajectory of their life.
    replies(3): >>37600541 #>>37601317 #>>37605719 #
    3. function_seven ◴[21 Sep 23 17:00 UTC] No.37600541[source]▶
    I would like to buy a Reverse Iron Butterfly on the trajectory of this trader's life.
    4. yumraj ◴[21 Sep 23 17:50 UTC] No.37601317[source]▶
    As in go to jail? I’m pretty sure yes.
    replies(1): >>37601405 #
    5. throaway920181 ◴[21 Sep 23 17:56 UTC] No.37601405{3}[source]▶
    You must be new to the United States. Only the poors go to jail (except in the most extreme cases like Epstein, and it still took them 20+ years to do anything to him.
    replies(4): >>37601631 #>>37601799 #>>37602612 #>>37603215 #
    6. quandrum ◴[21 Sep 23 18:13 UTC] No.37601631{4}[source]▶
    Just note it is most likely the person who did this was poor compared to whoever was on the other side of this trade.
    7. paxys ◴[21 Sep 23 18:17 UTC] No.37601680[source]▶
    On the contrary, to be a successful criminal you have to learn to stay under the radar. Yes millions might be available for the taking, but in doing so you will most certainly get caught. On the other hand no one will blink an eye at a trade that nets you a few hundred K, and that is still a significant amount of money.
    replies(2): >>37602830 #>>37603236 #
    8. ◴[21 Sep 23 18:25 UTC] No.37601799{4}[source]▶
    9. eps ◴[21 Sep 23 18:27 UTC] No.37601834[source]▶
    Wouldn't they be required to give profits back if convicted?

    Because otherwise lots of people would've taken this sort of calculated risk already.

    replies(1): >>37602455 #
    10. jahewson ◴[21 Sep 23 19:05 UTC] No.37602455[source]▶
    Yes. And the larger the amount, the longer the sentence - federal government has a point a system that dictates this.

    So erm, yeah, don’t do this.

    11. boeingUH60 ◴[21 Sep 23 19:14 UTC] No.37602612{4}[source]▶
    Wow, I guess SBF is a pauper then.
    replies(2): >>37602953 #>>37605297 #
    12. ghaff ◴[21 Sep 23 19:25 UTC] No.37602830[source]▶
    And the one day thing. What would a more modest number of options one month or six months out have looked like. That falls well into the I had a feeling territory based on these things I read.
    13. bluedays ◴[21 Sep 23 19:34 UTC] No.37602953{5}[source]▶
    He’s new money.
    14. kossTKR ◴[21 Sep 23 19:48 UTC] No.37603215{4}[source]▶
    As a non-american it's always fascinating to see comments like this downvoted.

    It's absolutely mostly the poor who go to jail except a few fall guys - it's very apparent.

    That's class privilege for you guys, and it has been like this for hundreds of years in most societies but only americans seem to "miss" this or whatever the hell is going on.

    Just as here in the EU, fraud in elite circles shuffles billions every day while everyone focuses on petty crime and sensational cases.

    Wars have killed millions for resource political gains and entire economies have been fucked over to benefit tiny circles of the richest - and none of these people have ever gone to jail.

    The control that the uppermost echelons has over the flow of information in this new social cybernetic system we've all been forced into is so efficient, it's almost unbelievable lol.

    replies(1): >>37604076 #
    15. mcintyre1994 ◴[21 Sep 23 19:49 UTC] No.37603236[source]▶
    > On the other hand no one will blink an eye at a trade that nets you a few hundred K, and that is still a significant amount of money.

    I wonder if that's actually true for a normal person, or if automated analytics would be looking at the relative value of your portfolio rather than just looking for the biggest wins in absolute terms.

    16. ToValueFunfetti ◴[21 Sep 23 20:47 UTC] No.37604076{5}[source]▶
    It sounds like you do disagree with the comment you're defending, though- they're suggesting that this is a US specific phenomenon. The US may be worse in this regard, but I don't know where to find relevant statistics (looked into this for ~30 minutes), or how you would go about controlling for the US being both wealthier and more criminal than a lot of the world. Would love to learn more about this!

    Part of it is justifiable. The value of a prison is threefold. It's a punishment, and in that sense it shouldn't be exclusive to the poor. But it's also a way to separate violent criminals from the rest of the population, reducing further violence. A financial criminal can just be denied access to the industry to achieve that end. And it's an opportunity for rehabilitation, but that doesn't seem to be a priority in the US anyway.

    17. cezart ◴[21 Sep 23 22:27 UTC] No.37605297{5}[source]▶
    People like SBF, Holmes etc, fucked over other super rich and often way more powerful people. That's why they are being punished. If they did smth like screw up 5 milion normal citizens for a 1000$ each, they'd still have their billion dollar fraud, but no serious punishment for it.
    18. maximinus_thrax ◴[21 Sep 23 23:12 UTC] No.37605719[source]▶
    Unless the trader is a lawmaker (or their family) who found out about this through the nature of their job. Congress is more-or-less exempt from insider trading laws if the information is acquired as part of their job.
    19. BonoboIO ◴[22 Sep 23 04:04 UTC] No.37607711[source]▶
    Would I be able to see such a trade when the trader makes them and just copy the trade with a small amount.

    Thinking is: „Who the hell would make such a trade if he doesn’t have some information, let’s do the same“