Re:Twilio employees, associates charged with insider trading...
by otterley on Monday March 28, 2022 @08:39PM
(#30837338)
Oh, please. You wouldn't be doing everyone a "service" because you'd be making money (or at least losing less) than the other investors - you'd have a material advantage. If you truly wanted to do the world a service, you would have just publicized their fraud and taken a bath along with everyone else.
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Re:Twilio employees, associates charged with insider trading...
by refurb on Monday March 28, 2022 @11:52PM
(#30838568)
But the economic award is just the cost of a more correct market price and it happens all the time.
For example a mask manufacturer. They might have a relative in China who shares information about the outbreak of a new virus. Manufacturer uses this completely legal information to produce a ton of masks and makes record profits off the sales because they're right. But the public benefits as well because there are actually masks to purchase.
And another example are whistleblower payments. We have no problem giving whistleblowers millions of dollars for uncovering fraud because the cost is far lower than the benefit.