G2ThaUNiT said:
curl-6 said:
Isn't it insider trading for the CEO to own and sell shares in the company, given he would be privy to plans and information that the public would not know? Seems pretty shady. |
Yeah I brought that up in an earlier post if it can be considered insider trading. While it would be a huge eyebrow raising event by itself, the fact that he did it while Sony is going through a huge PR nightmare brings major questions about whether he knows something bad is about to happen. We’ll find out this week or next. |
I don't know what technically can be taken as insider trading or not, but my perception was that it has to have to do with antecipating a move the market can't possibly know yet, not after it already happened, because before it happens it would potentially offer an unfair advantage over the market, which could be used for personal gain.
I think there would need to be proof the act of moving the shares is directly connected to information yet privy to the market, so I think it would need to be connected to another decision other than the announcement we already got.
But again, I know nothing technical about it in any scope.