SEC Charges Three with Insider Trading Around Equifax Data Breach Announcement

Re:SEC Charges Three with Insider Trading Around Equifax Dat... by nico on Wednesday August 17, 2022 @12:13AM (#32492257)

That doesn’t sound very appealing.

A lot of people in Wall Street, especially the ones with access to the kind of information to become a good whistleblower, make $500k+/year.

That means those people are actually very unlikely to want to tell on others, unless maybe they are already on their way out.

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Re:SEC Charges Three with Insider Trading Around Equifax Dat... by __derek__ on Wednesday August 17, 2022 @11:33AM (#32497699)

This appears to assume that the whistleblower would have to leave the company afterward, which may not be justified given (a) the strong anti-retaliatory protections, (b) the highly-regulated nature of Wall Street, and (c) the nature of these settlements. Maybe they're shuffled off to the bench until retirement, though.

Again, I don't know anything, though. I just appreciate the game theory.

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