Current Events > Man, insider trading is weird, dawg

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lilORANG
12/30/20 6:48:47 PM
#1:


Someone could straight up tell you a stock you own is about to tank, and you're just obligated to sit there and take the loss. Wacky shit my friends.
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nfearurspecimn
12/30/20 6:49:18 PM
#2:


this is a bad take

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lilORANG
12/30/20 6:54:17 PM
#3:


Like what if someone threatened to burn down your house but you weren't allowed to call the fire department until it was already ashes lol
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g980
12/30/20 6:56:41 PM
#4:


lilORANG posted...
Like what if someone threatened to burn down your house but you weren't allowed to call the fire department until it was already ashes lol


That is a very incomplete analogy

Its more like "you arent allowed to sell a burning house to someone else"
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#6
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Solid Snake07
12/30/20 7:01:15 PM
#7:


Bit more complicated than "someone told me a stock is about to tank"

Needs to be someone who's an insider at that company telling you things that aren't public knowledge. It gets exponentially more gross when you're talking about lawmakers making trades based off of policies they know will or won't pass, or even worse vote for what personally profits their portfolio.

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Solid Snake07
12/30/20 7:02:31 PM
#8:


lilORANG posted...
Like what if someone threatened to burn down your house but you weren't allowed to call the fire department until it was already ashes lol


More like someone told you your house was gonna be burned down next week and you sold it to someone else

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Pitlord_Special
12/30/20 7:02:45 PM
#9:


Unless youre moving like millions in stock, I doubt Trumps SEC would care. Theyve been prosecuting a fraction of the cases Obamas administration did (Law & Order lmao)

Youd probably have to sell your entire position, then short sell or buy puts to the hilt on margin to register as a blip on their radar.


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voldothegr8
12/30/20 7:02:48 PM
#10:


lilORANG posted...
Someone could straight up tell you a stock you own is about to tank, and you're just obligated to sit there and take the loss. Wacky shit my friends.

You're only obligated if there's hard proof, if it's just unrecorded words sell away
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TheMikh
12/30/20 7:22:18 PM
#11:


requiring insider trading to be publicly reported would be a useful indicator for investors not associated with the firm in question

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g980
12/30/20 8:20:25 PM
#12:


voldothegr8 posted...


You're only obligated if there's hard proof, if it's just unrecorded words sell away


Uh nope
Still insider trading

TheMikh posted...
requiring insider trading to be publicly reported would be a useful indicator for investors not associated with the firm in question


So "insider trading" (which is to say, trades done by executives) that is done legally *is* filed with the SEC
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Dark_SilverX
12/30/20 8:21:00 PM
#13:


Gotta lube up

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