HN Gopher Feed (2017-09-07) - page 1 of 10
Three Equifax Managers Sold Stock Before Cyber Hack Was Revealed
88 points by QUFBhttps://www.bloomberg.com/news/articles/2017-09-07/three-equifax...
dingdongding - 13 minutes ago
Hello insider trading !
tdeck - 12 minutes ago
Aren't senior executives legally required to submit their trading
plans well in advance of any stock sale? That certainly seemed to
be the case at my last employer.
QUFB - 12 minutes ago
From the article:> None of the filings lists the transactions as
being part of 10b5-1 pre-scheduled trading plans.
stygiansonic - 11 minutes ago
FTA: "None of the filings lists the transactions as being part of
10b5-1 pre-scheduled trading plans."Anyone with more knowledge: How
normal is this sort of behaviour?
ringaroundthetx - 8 minutes ago
Pretty normal. Their lawyers likely said that as long as they
reported in (via Form 3 and Form 4) then it would be complaint
enough.So this was still transparency, and its just fodder for
reporters to debate about, because without the Form 3 and Form 4
regulation, you would never know.Cost benefit analysis.
korethr - 4 minutes ago
So, does this count as insider trading? My intuition says 'yes'.
But my intuition about a thing and what the law says don't always