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General Discussion

lame54

(35,295 posts) Wed Aug 8, 2018, 03:24 PM Aug 2018

2

How Did They Know To Get In In The First Place?

Cameron, in turn, urged others — including his fiancee, her father, Stephen Zarsky, and his wife, and friends — to also dump their stocks before the news went public.
https://nypost.com/2018/08/08/indicted-congressman-talked-others-into-buying-pharma-stock-pushed-law-to-help-it-report/

6 replies

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Highlight:

How Did They Know To Get In In The First Place? (Original Post) lame54 Aug 2018 OP

That's why it is called "insider" trading. fleur-de-lisa Aug 2018 #1

but there are no charges for cluing them in in the first place... lame54 Aug 2018 #2

That's where Collins comes in... Wounded Bear Aug 2018 #3

Yes, but... lame54 Aug 2018 #4

It is not a crime to "hear" the insider info... Wounded Bear Aug 2018 #5

or acting on it by buying it in the first place lame54 Aug 2018 #6

fleur-de-lisa

(14,627 posts)

1. That's why it is called "insider" trading.

Reply to lame54 (Original post)

Wed Aug 8, 2018, 03:26 PM

Aug 2018

lame54

(35,295 posts)

2. but there are no charges for cluing them in in the first place...

Reply to fleur-de-lisa (Reply #1)

Wed Aug 8, 2018, 03:26 PM

Aug 2018

just the dumping

Wounded Bear

(58,670 posts)

3. That's where Collins comes in...

Reply to lame54 (Reply #2)

Wed Aug 8, 2018, 03:29 PM

Aug 2018

He's the one who spilled the info first.

lame54

(35,295 posts)

4. Yes, but...

Reply to Wounded Bear (Reply #3)

Wed Aug 8, 2018, 03:30 PM

Aug 2018

there are 2 crimes here

One getting in and
One getting out

Wounded Bear

(58,670 posts)

5. It is not a crime to "hear" the insider info...

Reply to lame54 (Reply #4)

Wed Aug 8, 2018, 03:32 PM

Aug 2018

the crime is in spreading it and/or acting on it by dumping the stock.

lame54

(35,295 posts)

6. or acting on it by buying it in the first place

Reply to Wounded Bear (Reply #5)

Wed Aug 8, 2018, 03:33 PM

Aug 2018

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