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Comment by thereader12 | Hacker News Reader
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thereader12
·
It just isn't provable, I think it it is technically illegal.
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enoint
·
I think the law says evidence needs a purchase or sale. Relatedly, the failure to purchase is not evidence.
rendaw
·
Holding stock knowing it might go up is illegal? I don't think that's technically illegal.
cowlevel
·
*because of insider knowledge
thereader12
·
If you were going to sell but learned something non public, then letter of the law says you can't make a decision to no longer sell.
compsciphd
·
that's explicitly false -
https://en.wikipedia.org/wiki/SEC_Rule_10b5-1#A_possible_loo...
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