I get that the SEC monitors for spikes in trading and they take a look at people who sell a large amount of stock before a major event and stuff like that. Is that really enough to prove them guilty, I thought it needed to be undoubtedly proven to be convicted for it, like they have a phone recording of you receiving the information, even though you sold a load of stocks at exactly the right moment that doesn’t necessarily prove that you had insider information. You could have predicted it and moved accordingly by analyzing the companies and coming to your conclusion.
In: Economics
yeah it’s wild how they can connect the dots just from trading patterns like that. it is like a big puzzle and sometimes it just clicks. they look at all evidence like phone records and even emails. so even if you think you’re smart by predicting stuff it could still look shady. it’s tough being a trader tho but gotta play by the rules
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