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Re: Drive BY trading... URGENT HELP
So, if you want something, maybe you need to offer something in return as well.... Perhaps taking your own advice could work here. Food for thought. Good luck in your endeavor b/c as PP alluded to, this sounds incredibly shady and if you are telling the truth, odds are you are trading on inside information which of course is an illegal activity. If you want to stay off the radar of the SEC and any insider trading activities, maybe now is a good time to divulge what your stock is and what the trade setup is. If you cannot tell by now, I am making sure to say insider trading throughout this post so when the SEC webcrawlers go all over the internet, this post may hit their servers since we may have an insider trading case here. ![]() Good luck and I hope you are not trying to commit insider trading and break any well-known SEC insider trading laws. |
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Re: Drive BY trading... URGENT HELP
... and just in case you are not aware of what insider trading is, here is a link directly to the SEC website that deals with insider trading - http://www.sec.gov/answers/insider.htm
----------------------------- Here's the text of the link in case your web browser will not direct you there: Insider Trading "Insider trading" is a term that most investors have heard and usually associate with illegal conduct. But the term actually includes both legal and illegal conduct. The legal version is when corporate insiders—officers, directors, and employees—buy and sell stock in their own companies. When corporate insiders trade in their own securities, they must report their trades to the SEC. For more information about this type of insider trading and the reports insiders must file, please read "Forms 3, 4, 5" in our Fast Answers databank. Illegal insider trading refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security. Insider trading violations may also include "tipping" such information, securities trading by the person "tipped," and securities trading by those who misappropriate such information. Examples of insider trading cases that have been brought by the SEC are cases against: * Corporate officers, directors, and employees who traded the corporation's securities after learning of significant, confidential corporate developments; * Friends, business associates, family members, and other "tippees" of such officers, directors, and employees, who traded the securities after receiving such information; * Employees of law, banking, brokerage and printing firms who were given such information to provide services to the corporation whose securities they traded; * Government employees who learned of such information because of their employment by the government; and * Other persons who misappropriated, and took advantage of, confidential information from their employers. Because insider trading undermines investor confidence in the fairness and integrity of the securities markets, the SEC has treated the detection and prosecution of insider trading violations as one of its enforcement priorities. The SEC adopted new Rules 10b5-1 and 10b5-2 to resolve two insider trading issues where the courts have disagreed. Rule 10b5-1 provides that a person trades on the basis of material nonpublic information if a trader is "aware" of the material nonpublic information when making the purchase or sale. The rule also sets forth several affirmative defenses or exceptions to liability. The rule permits persons to trade in certain specified circumstances where it is clear that the information they are aware of is not a factor in the decision to trade, such as pursuant to a pre-existing plan, contract, or instruction that was made in good faith. Rule 10b5-2 clarifies how the misappropriation theory applies to certain non-business relationships. This rule provides that a person receiving confidential information under circumstances specified in the rule would owe a duty of trust or confidence and thus could be liable under the misappropriation theory. For more information about insider trading, please read Insider Trading—A U.S. Perspective, a speech by staff of the SEC. http://www.sec.gov/answers/insider.htm |
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Re: Drive BY trading... URGENT HELP
Actually its not insider trading and i am doing nothing illegal.
If i were, i wouldnt post on a public forum. Regarding the advice i gave you..(the reverse wouldnt have worked since i actually have something of value to lose) But fear not. Everything has been ironed out and to each his own.. ![]() ![]() ![]() |
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Re: Drive BY trading... URGENT HELP
Ps... i highly doubt those sec webcrawlers go out hunting for the term "inside trading"
People dont make posts about buying wacky tabacky if they are actually going do it..(I wonder who the DEa webcrawlers fare with a word like "weed") |
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| Traders Laboratory - forumdisplay | This thread | Refback | 12-20-2007 12:30 AM | |
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