Re:Robinhood lays off 23% of staff
by alasdair_ on Tuesday August 02, 2022 @08:38PM
(#32326240)
My point is that if you have non-public information, you can’t actually sell the shares for cash whenever you wish, so it’s not the same thing.
[ Parent
| on HN ]
>you can’t actually sell the shares for cash whenever you wish, so it’s not the same thing.
I guess it's true that you can't sell "whenever you wish", but if you set up a rule 10b5-1 plan your shares are effectively as good as cash.