Re:Intel Confronts Potential ‘PR Nightmare’ With Reported Ch...
by sooheon on Wednesday January 03, 2018 @10:23AM
(#16061684)
Unless the advance scheduling is completely binding, I don't see why that should sidestep insider trading. What's to stop these guys from always having a cascading series of sells and buys 6 mo. in advance, and just cancelling them?
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Re:Intel Confronts Potential ‘PR Nightmare’ With Reported Ch...
by douglasfshearer on Wednesday January 03, 2018 @10:49AM
(#16061937)
SEC rules also cover cancellation of orders.
https://en.wikipedia.org/wiki/SEC_Rule_10b5-1#A_possible_loo...
Re:Intel Confronts Potential ‘PR Nightmare’ With Reported Ch...
by eropple on Wednesday January 03, 2018 @10:38AM
(#16061822)
What is to "stop these guys" is the legal parties and officials involved have brains that they can use. The engineer idea of "mwa ha ha, I found a bug, I can walk" is rarely true in practice (n.b.: having quite a lot of money is a different kind of exception).
Re:Intel Confronts Potential ‘PR Nightmare’ With Reported Ch...
by Ajedi32 on Wednesday January 03, 2018 @10:51AM
(#16061962)
Basically this: https://xkcd.com/1494/
Re:Intel Confronts Potential ‘PR Nightmare’ With Reported Ch...
by aarongolliver on Wednesday January 03, 2018 @12:25PM
(#16062880)
A good rule of thumb is that if you think you've discovered a loophole that would allow insider trading, and it only took you a few moments of thinking, the SEC thought of it already.
Re:Intel Confronts Potential ‘PR Nightmare’ With Reported Ch...
by ashelmire on Wednesday January 03, 2018 @10:51AM
(#16061951)
What, they are never allowed to sell shares then? There are constantly bugs being found in major software and hardware.
Re:Intel Confronts Potential ‘PR Nightmare’ With Reported Ch...
by wyldfire on Wednesday January 03, 2018 @12:14PM
(#16062789)
Surely this is a material design defect that anyone would expect to hurt Intel's business in a very significant way.
Re:Intel Confronts Potential ‘PR Nightmare’ With Reported Ch...
by Havoc on Wednesday January 03, 2018 @11:19AM
(#16062231)
>Unless the advance scheduling is completely binding
It gets filed with the SEC so should be suitably permanent
Re:Intel Confronts Potential ‘PR Nightmare’ With Reported Ch...
by tdb7893 on Wednesday January 03, 2018 @01:25PM
(#16063551)
The orders registered with the SEC and all these cancellations would attract a lot of their attention. I have no doubt they would see through it pretty easily once they started investigating