Re:SEC charges Netflix insider trading ring
by yellow_lead on Wednesday August 18, 2021 @07:35PM
(#28228561)
You can also trade certain big name stocks anonymously via cryptocurrencies that track them. I think FTX has some.
Re:SEC charges Netflix insider trading ring
by trident5000 on Wednesday August 18, 2021 @08:10PM
(#28228826)
Off topic but: watching cryptocurrencies move before recent legislation news (infrastructure bill) hit any public source confirmed to me that DC is the insider trading capital of the country. You dont even need to look hard...like Pelosi's husband buying Amazon calls right before they scored a large cloud computing govt contract. That was absurd.
Re:SEC charges Netflix insider trading ring
by yellow_lead on Thursday August 19, 2021 @06:02PM
(#28239925)
Technically, cryptocurrencies aren't regulated securities. I don't think insider trading rules apply?
Re:SEC charges Netflix insider trading ring
by vgatherps on Wednesday August 18, 2021 @11:59PM
(#28230191)
They’re certainly not anonymous on FTX, you have to be KYC’ed both by the exchange and the institution doing the tokenizing. Maybe you can trade anonymously on a DEX somewhere?
Just being on FTX probably makes it much harder for the SEC to find the gains, though.
Re:SEC charges Netflix insider trading ring
by paulpauper on Wednesday August 18, 2021 @07:28PM
(#28228500)
Just for starters, get someone else who has no apparent insider status to make the trades for you.
they already do that. sometimes the info is passed through many ppl and still get caught.
There are a lot more sophisticated methods of insider trading. Just for starters, get someone else who has no apparent insider status to make the trades for you. It doesn't take a genius to come up with strategies like burying your insider trades in a much larger number of regular trades to make the profits less conspicuous, or getting fake blog posts written that essentially say to do exactly what the inside trader is planning to do thus creating a plausible explanation besides insider knowledge for an agents strategy.
It's like money laundering: the methods you see on TV are the simple versions that are easy for an audience to understand, they're not what people who have actually taken the time to come up with a strategy do.