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Old 09-22-2023, 08:31 AM   #13483
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Quote:
Originally Posted by seamonster View Post
Some poor bastard gave up on life and made a 45,000x return on his investment:

Trader Turns $22,000 Into $10M In One Day: Insider Trading Or Genius In Cisco-Splunk Deal

Unless he escapes to beliez he's going to be spending some quality time in Leavenworth.
There's no way that person didn't have inside information.

I don't know the rules about all that stuff, though. If he was just some guy who happened to be in the Starbucks and heard two executives talking about it at the next table, is that illegal? What if he's some rank and file worker and the rumors have been running wild, but he's not in the process. I've always been curious about who is considered an insider and who isn't.
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