Thread: SEC Violation?
View Single Post
Old 10-06-2004, 11:07 AM  
kmanrox
aka K-Man
 
kmanrox's Avatar
 
Industry Role:
Join Date: Oct 2001
Location: The Gutter
Posts: 29,292
SEC Violation?

I'm just curious.. I don't know much about the market and its laws...

Let's say that Howard Stern bought $5m worth of Sirius Satellite stock the day before he made his announcement he's leaving radio for satellite. Is that illegal?

I'm assuming it is, but he's not an 'insider' so I'm not sure. What do you think or know and why?
__________________
Crypto HODLr
Crypto mining
Angel investor
kmanrox is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote