how is insider trading prevented on events like earnings of mega companies such as Nvidia, Apple, Microsoft, Google, etc…? Even layman can think of ways how key people in those companies could earn billions and billions via some sort of nominee figures. So, are they just doing that?
In: 9
The ease of discovery everyone talks about is valid, but there’s another angle to this too. Insider trading is a crime against other very rich folks, not merely against small investors. All billionaires depend on everyone honoring this “pact”, or there would be no stock market at all, it would all come crumbling down.
The SEC has been known to lack teeth on quite a few financial crimes, but insider trading is one that they are very good at hunting down and prosecuting.
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