Insider trade on Splunk acquisition for 45,650% return

Re:Insider trade on Splunk acquisition for 45,650% return by jandrese on Thursday September 21, 2023 @02:52PM (#37602231)

I feel like the SEC must have already taken into account the possibility of a "Strangers on a Train" situation where an insider tracks down an anonymous third party to commit the crime with the expectation of being paid back a percentage at some later date.

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Re:Insider trade on Splunk acquisition for 45,650% return by kevinmchugh on Thursday September 21, 2023 @03:32PM (#37602931)

There are convictions for golf buddies swapping tips. I'm the perfect strangers situation, the top receiver has no incentive to ever pay back the tipper. Theres no legal recourse

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Re:Insider trade on Splunk acquisition for 45,650% return by jandrese on Thursday September 21, 2023 @03:52PM (#37603275)

Except the guy knows where you live and has already shown a willingness to break the law in ways where he thinks he won't be caught. If the top receiver suddenly finds himself dead there is nothing pointing back towards the original inside trader.

This is the stuff of tawdry crime thrillers, but it's certainly not so far out of the realm of possibility that the SEC can just ignore it.

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