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A comment on Insider trade on Splunk acquisition for 45,650% return. Parent comment

Re:Insider trade on Splunk acquisition for 45,650% return by bragr on Thursday September 21, 2023 @02:36PM (#37602007)
The SEC has very specific rules and even specific form [1] they must file when companies release information like this.

[1] https://www.sec.gov/forms

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Re:Insider trade on Splunk acquisition for 45,650% return by jahewson on Thursday September 21, 2023 @03:00PM (#37602371)
So if the founder goes on TV and announces their merger then it’s nonpublic information until they file the form? Everyone who trades on that is insider trading? That can’t be right.
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Re:Insider trade on Splunk acquisition for 45,650% return by snowwrestler on Thursday September 21, 2023 @03:29PM (#37602895)
Those rules regulate the company, not random people at a bus stop.
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Re:Insider trade on Splunk acquisition for 45,650% return by mock-possum on Friday September 22, 2023 @11:59AM (#37613715)
Right but - that means the company employee gets in trouble for making the information public (via announcing it in public at the bus stop) - not that I would get in trouble for hearing it and acting on it, right?
[ Parent | on HN ]