Re:Husband of Amazon employee sentenced to prison for inside...
by fy20 on Friday June 11, 2021 @02:17AM
(#27469929)
I wonder if he would have been caught if instead of buying Amazon directly, he bought an index fund that has them? I think Amazon makes up something like 3% of some of the Vanguard index funds.
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Re:Husband of Amazon employee sentenced to prison for inside...
by yarcob on Friday June 11, 2021 @02:30AM
(#27469997)
I assume that the guy bought some type of short term options on Amazon to bet on rising/falling stock prices. I don't think buying an index fund, even with insider information, would allow for such massive profits.