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On the Ball!

I expected the SEC to be on this issue much earlier - as in the day GTA declared/filed for zero! Grand Theft Auto was the tag of my post on this subject!

A slow reaction by the SEC - red-tape much! Or the power of the lobbyists?!:mad:

Considering that (to my knowledge after tedious search) not one single person is in jail for the insider trading fiasco of 2008 and before, that cost us $2.25 trillion and more of our money, I am surprised that they even acted this soon! That money is vapor!

Yes, AIG, Chase, BOA and the rest "paid" the money back - from profits made by staying in business, profits made from "us"! See bank and insurance fees since 2009! Not the original, missing trillions. Where that money went and why it has not been pursued to its ends - that is what we as clients who lost more than 50% of our investments should want to know!

That is the duty of the law enforcers of the stock market, elected officials and the President/s!

If all those banks and traders were let to collapse and go bankrupt, you and I would not have lost a cent, as not many of US have more than $100,000 sitting in a single account; the companies would have made a slow but sure recovery to today's status!:rolleyes:
 
Not much to know really.

If you trade shares based on insider knowledge, you are in trouble.

The way around this if you are a permanent "insider" is to schedule share trades long time ahead. Like Tim Cook could schedule a sale of 100,000 AAPL shares for October 3rd, 2015. He then has to make that trade, even if he knows that news will get out on October 4th that sends the stock up, or if he knows that news will get out on October 2nd that sends the stock down, and selling on the 3rd is a really bad idea. (In my company most people are not allowed to trade between end of the quarter and two days after the quarterly results are released to the public).

Now the claim here is that these guys did schedule sales, but _after_ they already knew that the shares would drop. If the SEC can prove this, they are in trouble.

Their (GTAT) disclosures (with allegation that Apple did this and that) only making the case against them for insider trading strong not otherwise!
 
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