Post ATW4Im9oLua6CFA9Pk by SteveClough@mastodon.social
(DIR) More posts by SteveClough@mastodon.social
(DIR) Post #ATW42Dd2xck2TVwUts by stux@mstdn.social
2023-03-11T19:49:28Z
0 likes, 2 repeats
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..
(DIR) Post #ATW4Im9oLua6CFA9Pk by SteveClough@mastodon.social
2023-03-11T19:52:31Z
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@stux In a normal society, that would be fraud without any question.The CEO is utterly corrupt and should be made to pay.
(DIR) Post #ATW4Ynm66eEJqXiFSC by trebach@masto.ai
2023-03-11T19:55:25Z
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@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
(DIR) Post #ATW4c5YgRYiHs10Prs by stux@mstdn.social
2023-03-11T19:56:03Z
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@trebach Indeed! 😮 If a CEO does it it would be eve worse
(DIR) Post #ATW4cT0TGPbgarBQsC by alex_02@infosec.exchange
2023-03-11T19:56:03Z
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@stux They better pay their taxes or else the IRS will go after the and not even CEO's are immune.
(DIR) Post #ATW4gtfk3zQSSCbGF6 by eclinton@mas.to
2023-03-11T19:53:53Z
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@SteveClough @stux Possibly not as it looks like pure negligence. Interest rates rose too quickly, which inflicted losses that could not be sustained.
(DIR) Post #ATW4gu7kNrpLr3hctU by SteveClough@mastodon.social
2023-03-11T19:56:10Z
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@eclinton @stux Negligence as a CEO of a bank is as bad.
(DIR) Post #ATW4gubAcTMZKJT7ku by stux@mstdn.social
2023-03-11T19:56:55Z
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@SteveClough @eclinton Dragging soo many people with it..
(DIR) Post #ATW54W21bt8K5GHjEG by donniecash818@masto.ai
2023-03-11T20:01:10Z
0 likes, 0 repeats
@stux our justice system varies by socio-economic class
(DIR) Post #ATW5GXv4PupXPilhxY by paninid@mastodon.world
2023-03-11T20:03:22Z
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@stux link?
(DIR) Post #ATW5WslAhVoqgMvbfc by nuncio@mstdn.social
2023-03-11T20:06:21Z
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@stux Martha must be rolling over in her 1000-thread count bed
(DIR) Post #ATW5v9v8Y72Er6AJeK by paul@oldfriends.live
2023-03-11T20:10:40Z
0 likes, 0 repeats
@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:https://www.sec.gov/edgar/browse/?CIK=0001259867
(DIR) Post #ATW7IKkmXRd74Gw7CC by lexi@cailincat.cloud
2023-03-11T20:26:06Z
0 likes, 0 repeats
@stux it sure could qualify as insider trading, which is punishable
(DIR) Post #ATWDQT4W5v6ouNQf0y by toxtethogrady@universeodon.com
2023-03-11T21:34:43Z
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@stux Enron, Lehman, AIG, WaMu and a few others I could name. Anyone remember Long Term Capital Management?
(DIR) Post #ATWDeuUgw6q80jYhZQ by f4grx@mastodon.social
2023-03-11T21:37:26Z
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@stux Silicon Bay Fraud ?
(DIR) Post #ATWDuQmhACqQV9NfBw by noivad@techhub.social
2023-03-11T21:40:13Z
0 likes, 0 repeats
@stux Doesn’t that count as Insider Trading?
(DIR) Post #ATWMTOihd88frqhJPU by arnandegans@home.social
2023-03-11T23:16:11Z
0 likes, 0 repeats
@stux Suspicious to say the least.
(DIR) Post #ATWrDmkvavuiMKm2b2 by rticks@universeodon.com
2023-03-12T05:00:43Z
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@stux Watch a complete lack of prosecution from state and federal authorities.
(DIR) Post #ATWyeJv7c0lEQQ8r8S by retrohondajunki@mstdn.social
2023-03-12T06:23:58Z
0 likes, 0 repeats
@stux The captain should go down with the ship imo.
(DIR) Post #ATZGzSQbMXeONr0ym0 by breitensteinart@mastodon.art
2023-03-13T08:58:53Z
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@stux — … and then the companywide bonuses given hours before the bank collapsed.