| ▲ | chii a day ago | |
That's why i would rather see insider trading made legal, but transparent. Instead of quarterly filings, if you are considered an insider (or is affiliated with one), you are required to have your trades be instantly reported and be public the nanosecond you make them. You are allowed to make use of the insider info, as long as you adhere to these transparency measures. | ||
| ▲ | simoncion a day ago | parent [-] | |
> ...you are required to have your trades be instantly reported and be public the nanosecond you make them. That doesn't do anything at all to remedy the situation. Better would be to require trades by insiders (and the particulars of those trades) to be locked in and publicly announced at least seven calendar days in advance. You need not announce the reason for the trade, but you must announce the amount of whatever it is you're selling and/or buying and the date at which the transaction will happen. Yes, I'm aware of the whole "scheduled stock sale" thing that folks at a certain level have to do when trading in the stock & etc of the company they work for. IMO, that should be mandatory for all employees and their families. | ||