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> You have to insider trade a billion so that you’re untouchable. Some source of that? I believe that is not true. Other shareholders don't really want manager
by lightgreen 5y ago
> You have to insider trade a billion so that you’re untouchable.
Some source of that? I believe that is not true. Other shareholders don't really want managers to profit from insider trading.
- rasz 5y agoPrint $billions/month of fake electronic money and NYAG will negotiate with you for over a year to finally decide on a gift "penalty" of empty promise and a less than 12hours of your fake money printing volume. cough Tether cough.
- bronzeage 5y agoTether isn't insider trading. Tether is the biggest financial fraud in history.
- derivagral 5y agoAnecdotally, the "price" is closer to 50+ mil, not 1 bil. Hopefully that will change for the better in my lifetime.
- sumedh 5y agoSteve Cohen did not go to jail despite his firm pleasing guilty. https://en.wikipedia.org/wiki/Steve_Cohen_(businessman)#SEC_investigation_(2012%E2%80%932016) https://en.wikipedia.org/wiki/Steve_Cohen_(businessman)#SEC_...