Email or username:

Password:

Forgot your password?
stux⚡'s posts Post Back to profile
stux⚡

If a CEO sells over 3.5 million in stocks in less than two weeks before the collapse of the company I would classify that as fraud🤔

Im talking about the Silicon Valley Bank, how big of a f-u can you give your customers :amaze:

Those are SBF or FTX actions dude..

11 Mar 2023 at 19:49 | Open on mstdn.social
12 comments
Schroedinger

@stux In a normal society, that would be fraud without any question.

The CEO is utterly corrupt and should be made to pay.

11 Mar 2023 at 19:52 | Open on mastodon.social
Ed Clinton

@SteveClough @stux Possibly not as it looks like pure negligence. Interest rates rose too quickly, which inflicted losses that could not be sustained.

11 Mar 2023 at 19:53 | Open on mas.to
Trebach

@stux If a member of a company buys or sells stock based on information not known to the public, it's insider trading and it's a felony

11 Mar 2023 at 19:55 | Open on masto.ai
stux⚡

@trebach Indeed! 😮 If a CEO does it it would be eve worse

11 Mar 2023 at 19:56 | Open on mstdn.social
DELETED

@stux They better pay their taxes or else the IRS will go after the and not even CEO's are immune.

11 Mar 2023 at 19:56 | Open on infosec.exchange
mastodonnie

@stux our justice system varies by socio-economic class

11 Mar 2023 at 20:01 | Open on masto.ai
Sampath Pāṇini ®
Nuncio Bitis ✷ ✅ 🏳️‍🌈

@stux Martha must be rolling over in her 1000-thread count bed

11 Mar 2023 at 20:06 | Open on mstdn.social
Paul Chambers

@stux

Looks like it was part of a Rule 10b5-1 trading plan made out in advance, directing when to sell stocks, (like if a price drops, etc), and not 'Oh shit, the ship is sinking so I better sell these stocks now" because he had non-public insider information.

His SEC Edgar file showing his actions as an insider:

The SEC Filings:
🔗 Gregory Becker: sec.gov/Archives/edgar/data/12

🔗 Daniel Beck sec.gov/Archives/edgar/data/71

@stux

Looks like it was part of a Rule 10b5-1 trading plan made out in advance, directing when to sell stocks, (like if a price drops, etc), and not 'Oh shit, the ship is sinking so I better sell these stocks now" because he had non-public insider information.

His SEC Edgar file showing his actions as an insider:

11 Mar 2023 at 20:10 | Open on oldfriends.live
Lexi of the Night

@stux it sure could qualify as insider trading, which is punishable

11 Mar 2023 at 20:26 | Open on cailincat.cloud
Go Up