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Re:Feds Threatened to Fine Yahoo $250K Daily for Not Complyi... by Navarr on Thursday September 11, 2014 @09:56PM (#8306246)
Is it because it was made to the shareholders? If it had instead been announced publically would it have been considered insider trading?
Re:Feds Threatened to Fine Yahoo $250K Daily for Not Complyi... by otakucode on Thursday September 11, 2014 @10:07PM (#8306291)
No, sharing information publicly is never insider trading. What makes it insider trading is for one group to have access to information about a company that another group does not have. I believe, from the training I've had, that the standard is usually 48 hours after public disclosure of information before you are allowed to act on it.

Of course, insider trading laws are broken on a minute-to-minute basis by hundreds of corporate executives and others. If you want to nail someone for insider trading, and they have a management position at a company, you could do it fairly easily. White collar crime is very rarely even investigated, let alone prosecuted or punished, though.

Re:Feds Threatened to Fine Yahoo $250K Daily for Not Complyi... by true_religion on Thursday September 11, 2014 @10:24PM (#8306329)
On the face of it sounds like a hard to comply with rule. If you worked high-up within a publicly traded company, you'd have to tell no one anything about your job.
Re:Feds Threatened to Fine Yahoo $250K Daily for Not Complyi... by jacquesm on Friday September 12, 2014 @04:01AM (#8307002)
So, don't communicate with the shareholders of a public company outside of official company channels. That's a fairly easy rule.
Re:Feds Threatened to Fine Yahoo $250K Daily for Not Complyi... by fnordfnordfnord on Friday September 12, 2014 @09:58AM (#8308013)
So, launder the information through a third party like Primary Global Research.
Re:Feds Threatened to Fine Yahoo $250K Daily for Not Complyi... by glesica on Thursday September 11, 2014 @11:19PM (#8306449)
Yep, I'm effectively not allowed to trade individual stocks in my job because of the fear of insider trading. And I don't even have access to insider information, it is just possible that I could, at some point, have access to such information. Mutual funds and stuff like that are fine though.
Re:Feds Threatened to Fine Yahoo $250K Daily for Not Complyi... by superuser2 on Thursday September 11, 2014 @11:04PM (#8306410)
You simply couldn't talk about things that are relevant to your share price.

"My boss was an asshole today." Fine.

"We're about to get bought out for $x million." Very much not fine.

Re:Feds Threatened to Fine Yahoo $250K Daily for Not Complyi... by true_religion on Thursday September 11, 2014 @11:16PM (#8306440)
The problem is that you can't go into any normal level of detail without possibly infringing on the law.

Well if your boss was an asshole today, because you can't make any sales that's something you can say as a realtor in a private company, but can't say as the guy trying to close XXX,000 sized seat contracts at a public company because your inability to perform is going to be reflected in the quarterly reports.

> "We're about to get bought out for $x million." Very much not fine.

Here's another example. If your company is in the process of a public merger, and you're publicly involved in the M&A process you can't throw a wild party the day before the public announcement of its success, because someone will inevitably ask "why are you guys celebrating?"