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by candiodari
2053 days ago
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Which is how legal insider trading for management works these days. Because cancelling a 10b5-1 is perfectly legal at any time. So you could totally abuse the system by submitting 5 of them, designed to allow for different strategies, then cancelling some of them to pick specific trading strategies based on more recent insider info. And this works: cancelling them is normal, so that won't even attract much attention. It's a matter of executing well on this loophole. |
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