Re:Tesla Announces $2B Public Offering to Accelerate Model 3...
by shostack on Wednesday May 18, 2016 @05:25PM
(#11726105)
Can you ELI5 what a research note is, and why this is suspicious?
[ Parent
| on HN ]
Re:Tesla Announces $2B Public Offering to Accelerate Model 3...
by tomp on Wednesday May 18, 2016 @05:28PM
(#11726129)
Goldman advised investors to "Buy" Tesla (i.e. their "opinion" is that the stock is a good investment and should increase in price - quotes because of a well-documented positive bias of sell-side analysts) just before underwriting Tesla's offering (i.e. taking fees for successfully selling all new shares).
Re:Tesla Announces $2B Public Offering to Accelerate Model 3...
by bwilliams18 on Thursday May 19, 2016 @01:00AM
(#11728093)
Goldman Researchers advised investors while Goldman Investment Bankers underwrote a deal.
These guys (and gals) aren't standing around a water cooler chatting about their work with each other for exactly this reason. It's highly unethical, and illegal to share this sort of information before it's public.
Re:Tesla Announces $2B Public Offering to Accelerate Model 3...
by tomp on Thursday May 19, 2016 @03:31AM
(#11728630)
You mean unethical in the same way that Goldman investment advisors were trying to make their clients buy instruments that Goldman traders were desperate to sell during the financial crisis?!