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Old 03-19-2009, 06:54 AM
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Default Insider trading?

It is alleged that Roger Penske,on internet brands board, sold 1.5mm shares of IB last week. Can he get nailed for Insider trading?
Old 03-19-2009, 07:23 AM
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likely yes

and maybe he should be removed from the board as such a sale is a fairly clear indication that he believes stock value will decrase.... for some reason... hmmmmmmmmmmmm
Old 03-19-2009, 08:04 AM
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how/why is dumping stock because of investment concern "in-and-of-itself" considered criminal? I've done it lots of times and no grand jury has convened on my behalf. When concerned, risk or bail. It's the only 2 choices I'm aware of.

Last edited by VAP; 03-19-2009 at 08:06 AM. Reason: misspelling correction
Old 03-19-2009, 08:12 AM
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Originally Posted by VAP
how/why is dumping stock because of investment concern "in-and-of-itself" considered criminal? I've done it lots of times and no grand jury has convened on my behalf. When concerned, risk or bail. It's the only 2 choices I'm aware of.
Because:
1. You probably didn't dump 1,500,000 shares of stock based on insider knowledge
and
2. You're no Martha Stewart.
Old 03-20-2009, 09:07 AM
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Originally Posted by roadyTT
Because:
1. You probably didn't dump 1,500,000 shares of stock based on insider knowledge
and
2. You're no Martha Stewart.
exactly-- yes, you stated it more clearly than I
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