←back to thread

Insider trade on Splunk acquisition?

(twitter.com)
417 points mkmk | 1 comments | 21 Sep 23 15:58 UTC | HN request time: 0.241s | source
Show context
scarmig ◴[21 Sep 23 16:51 UTC] No.37600401[source]▶
Go directly to jail, do not pass go, do not collect $10M.
replies(3): >>37600415 #>>37600568 #>>37600880 #
swarnie[dead post] ◴[21 Sep 23 16:52 UTC] No.37600415[source]▶
[flagged]
yellowstuff ◴[21 Sep 23 16:53 UTC] No.37600432[source]▶
The SEC absolutely will be looking into this trade.
replies(1): >>37600665 #
swarnie[dead post] ◴[21 Sep 23 17:09 UTC] No.37600665[source]▶
[flagged]
1. yellowstuff ◴[21 Sep 23 17:17 UTC] No.37600790[source]▶
Search for "insider trading convictions". They're not rare, and often result in jail time.

Are most of the inside traders that get caught non-professional investors, because the pros know how to escape detection? Are the convictions a small fraction of the number of crimes? Is the SEC too focused on crimes that are easy to prosecute and ignoring more important systemic issues? I'd say yes to all, but the SEC is far from toothless in this type of case.