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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 Bedon292 on Monday March 28, 2022 @11:44PM (#30838518)
But that's not insider trading. You don't have inside information on that other company. You have a guess that their business is doing similar. When perhaps Twilio is doing so well because they took business from that competitor or something else that makes them stand out.
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Re:Twilio employees, associates charged with insider trading... by willdearden on Tuesday March 29, 2022 @12:33AM (#30838791)
https://www.sec.gov/news/press-release/2021-155

You absolutely can get charged for trading in a similar company.

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Re:Twilio employees, associates charged with insider trading... by Bedon292 on Tuesday March 29, 2022 @08:49AM (#30841810)
Interesting, hadn't heard of that one before. With some digging this appears to be the first case where they have ever charged someone for "shadow trading" like this. And it is still making its way through the courts. Definitely will be following that.
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Re:Twilio employees, associates charged with insider trading... by extr on Tuesday March 29, 2022 @12:59AM (#30838944)
This is another situation where I am literally dumbfounded at the actions of the indicted. How are you smart enough to know what options are and how to buy them but stupid enough to think that you won't get caught making such a blatant trade?

It's like these people think they're the first ones to ever come up with the idea of trading on privileged information so there's no way they'll get caught.

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