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A comment on Amazon CEO Jeff Bezos sold more than $1B worth of stock this week. Parent comment

Re:Amazon CEO Jeff Bezos sold more than $1B worth of stock t... by sudhirj on Saturday November 04, 2017 @12:15AM (#15623745)
To prevent any accusations of insider trading, these sales tend to be announced months in advance and scheduled, so any movements on the sale day are more likely to be naieve investors reacting.
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Re:Amazon CEO Jeff Bezos sold more than $1B worth of stock t... by jliptzin on Saturday November 04, 2017 @12:50AM (#15623855)
Yea but they can cancel those trades at any time. They can set up a weekly sale of a huge chunk of stock, cancel it every week while the company is doing fine, then right before a terrible quarter hits, allow the sale to go through. This does not stop insider trading.
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Re:Amazon CEO Jeff Bezos sold more than $1B worth of stock t... by lovich on Saturday November 04, 2017 @02:32AM (#15624057)
Is it that simple? I thought the SEC didn't fuck around just because people found a loophole, like with them recently classifying ICOs as securities
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Re:Amazon CEO Jeff Bezos sold more than $1B worth of stock t... by xyzzy_plugh on Saturday November 04, 2017 @03:18AM (#15624120)
The general advice I've heard is not to do this sort of thing. It's a loophole and when the SEC inevitably catches you, you are boned.

If it's obviously a loophole to you and me, then what do you imagine the SEC think?

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