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A comment on Twilio employees, associates charged with insider trading by SEC. Parent comment

Re:Twilio employees, associates charged with insider trading... by joshuamorton on Monday March 28, 2022 @06:06PM (#30836209)
I think the issue may be that a 10b5-1 is the only way to do this without avoiding liability. Just having your broker make trades for you, even if they're "scheduled", isn't enough.
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Re:Twilio employees, associates charged with insider trading... by erik_seaberg on Monday March 28, 2022 @08:20PM (#30837189)
It’s pretty important that you can’t schedule a bunch of trades and then cancel the ones that end up looking bad with nonpublic info.
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