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Wall Street lawyers aided insider trading ring, say US prosecutors

40 points by johnbarron ago | 4 comments

clearstack |next [-]

What strikes me about M&A tip rings is the risk/reward math. The people accepting tips get limited upside — edge on a single trade — but career-ending felony exposure as the downside.

The SEC's EDGAR makes an enormous amount of material information freely available: 10-Ks, 8-Ks, proxy statements, insider ownership filings. Investors who systematically work through that public record can build durable informational advantages. The MNPI game is a strictly worse deal on expected value.

potatototoo99 |next |previous [-]

It's never too late to donate to DJT.

p0w3n3d |previous [-]

I think that this obvious insider trading was made by pawns, and the king is hidden somewhere