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by webkike 921 days ago
How is it insider trading? He sold the stock after the material became public knowledge. He didn't have any insider information
3 comments

>He sold the stock after the material became public knowledge.

Are there rules about how long you need to wait after the news goes public to sell? Otherwise, it still seems kind of unfair because you could sell 100 milliseconds later before the market can react.

You put up your sell order in 100 milliseconds. The market then reacts as long as it takes to react. Stocks don't instantly settle
If you sell for below market price then the order will be filled quickly and you'll be ahead of the pack.
He always has insider information when he's the CFO, don't you think?
And if that information that is unknown drives the stock price down, _then_ he is insider trading
But he has the power to create the material...
So? That doesn't make this insider trading