SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Terayon - S CDMA player (TERN)
TERN 26.31+0.8%Nov 21 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Starlight who wrote (782)4/18/2000 11:37:00 AM
From: pat mudge  Read Replies (1) of 1658
 
Elizabeth --

I just received the following regarding issues of insider selling. Clearly it doesn't matter how many shares were sold:

"As a past officer of a public company, our lawyers and CFO were quite specific on insider trading. As an insider, it doesn't matter if you sell one share or a billion. Trading shares when in the possession of materially significant non-public information is a violation of SEC regulations."

[It's now up to the courts to decide if any CableLabs communications (not just the letter) is deemed material. They've already done their part, which is the trading."]

"The advice given with respect to selling was that as far avoiding SEC reg and shareholder suits, it is advisable to set up a regular selling policy, i.e., something like selling no more than 10% per quarter. Selling above that can trigger suits and signal lack of confidence in upper management. However, even if poised to sell and with a 144 filed, the CFO had the last say about performing the actual trade as insider information possession has a higher priority than anything. That is, you could be set to do a regular sale of 10%, but if the there was the slightest issue with regards to holding insider information, then NO SALE. Officers are *very* locked up and don't always have a window to sell because of insider exposure."

Pat
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News