Twilio employees, associates charged with insider trading by SEC

Re:Twilio employees, associates charged with insider trading... by sidewndr46 on Monday March 28, 2022 @06:07PM (#30836228)

The training I went through explicitly laid out this scenario and explicitly classified it as insider trading if material nonpublic information is found that would make those trades desirable to execute. I've never heard of the SEC prosecuting someone for losing money due to insider trading.

Again, this probably isn't the case legally. But it was enough for an extremely powerful corporation to deem it as such.

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Re:Twilio employees, associates charged with insider trading... by ethbr0 on Monday March 28, 2022 @06:59PM (#30836642)

You'd have to look up recent case law, as with all SEC rules, which may be what your company is referring to.

But that's the explicit design of 10b5-1: that it provides coverage if all its requirements are satisfied.

The SEC can charge you for making favorable trades according to a predefined plan, but they're going to have an uphill battle convicting you, if you kept your broker at arms length and didn't alter your plan beyond what was initially communicated.

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