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by lightgreen 1828 days ago
> You have to insider trade a billion so that you’re untouchable.

Some source of that? I believe that is not true. Other shareholders don't really want managers to profit from insider trading.

3 comments

Print $billions/month of fake electronic money and NYAG will negotiate with you for over a year to finally decide on a gift "penalty" of empty promise and a less than 12hours of your fake money printing volume. cough Tether cough.
Steve Cohen did not go to jail despite his firm pleasing guilty.

https://en.wikipedia.org/wiki/Steve_Cohen_(businessman)#SEC_...

Anecdotally, the "price" is closer to 50+ mil, not 1 bil. Hopefully that will change for the better in my lifetime.