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Insider trade on Splunk acquisition?

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417 points mkmk | 1 comments | 21 Sep 23 15:58 UTC | HN request time: 0.481s | source
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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.

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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.

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1. 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.