binary solo on 15 June 2015
DakonBlackblade said:
binary solo said:
Whew, 2014 net income was pretty shite. But seems pretty dumb to make a law against publicly announcing good news sales, i.e. everyone gets to know them at the same time, vs only announcing them to a financial market authority behind closed doors. |
The law isnt againt publishing sales numbers to the public, its against publicing those numbers before posting them in the system that inverstors use to track company reports. This law is in place propably to asure that different investors will all receive the same informations about a companys sucess or failure at the same time, preventing insider tradding and stuf like that.
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Public disclosure through the media is by definition anti-insider trading. Once information is freely available in the public domain no one can be accused of using that information for insider trading. It's only while information is in the hands of a few people that insider trading can happen.
“The fundamental cause of the trouble is that in the modern world the stupid are cocksure while the intelligent are full of doubt.” - Bertrand Russell
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