Sponsor Message:
Non Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Insider Trading Question - How 2 Prove It?  
User currently offlineUTA_FLYinghigh From Tunisia, joined Oct 2001, 6495 posts, RR: 51
Posted (10 years 3 months 2 weeks 1 day 18 hours ago) and read 647 times:

This is a fictitious example, so no stupid conclusions pleez.
Let's say I have some shares in company XXX, and I have a buddy's sister who also works there. So I have some info that company XXX will merge with YYY, so I run like a motherf.... to purchase a lot of YYY shares prior to the takeover.
Now, how can the stockmarket regulation agency (COB in France, for example), prove that I had any insider knowledge of this ?

UTA, wondering why he is thinking about that.


Fly to live, live to fly - Air France/KLM Flying Blue Platinum, BMI Diamond Club Gold, Emirates Skywards
2 replies: All unread, jump to last
 
User currently offline707CMF From France, joined Mar 2002, 4885 posts, RR: 30
Reply 1, posted (10 years 3 months 2 weeks 1 day 17 hours ago) and read 641 times:

I wonder too...

but since I have no idea what you're talking about :



707


User currently offlineTNboy From Australia, joined Mar 2002, 1131 posts, RR: 20
Reply 2, posted (10 years 3 months 2 weeks 1 day 15 hours ago) and read 634 times:

It's beyond me. I think insider trading is where you take advantage of information which is not generally available to other shareholders, and profit from it. But I always thought that stock market trading was based in part on guessing, smart knowledge, tips and, yes, information which some people can get hold of.
In the example you quote, if the person working for the company had used information which was not generally available and made a killing they could well have been prosecuted - although in that fictitious example, surely lots of other people would also have known/guessed. I think there are too many grey areas for insider trading allegations to be regarded as an exact science, or, in most cases, successfully prosecuted. But it's not my speical subject, and I am quite happy to be contradicted. (Hope you made a bundle, by the way)  Big thumbs up
Cheers
Bill



"...every aircraft is subtly different.."
Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Mancow Waterboarded To Prove It Isn't Torture... posted Fri May 22 2009 17:51:08 by D L X
St. Maarten - How Is It? posted Mon Sep 15 2008 09:13:14 by YKA
Gulf Coast A.netters. How Is It There? posted Sat Aug 30 2008 14:42:40 by Mdsh00
Univ Degr. Equivalence: How Is It In Your Country? posted Mon Feb 25 2008 04:17:12 by Kay
Living In Panama, How Is It? posted Fri Jan 11 2008 19:16:47 by PU752
How Is It To Be A Long Time On A Submarine? posted Fri Aug 31 2007 21:32:29 by Bofredrik
Lexington/Frankfort Kentucky - How Is It? posted Wed Mar 7 2007 03:14:37 by BCAInfoSys
Your First Semester: How Did It Go? posted Tue Jan 16 2007 02:27:43 by Iamcanadian
Reloading: How I Do It (Picture Intensive) posted Sun Jan 7 2007 06:50:40 by Queso
US Credit Is By SS#, How Does It Work Elsewhere? posted Mon Nov 27 2006 21:33:23 by Ua777222