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.
Strategies & Market Trends : The Residential Real Estate Crash Index

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Travis_Bickle who wrote (165095)11/18/2008 4:45:17 PM
From: neolibRead Replies (2) of 306849
 

Some assclown CEO of a rinky dink search engine company cold calls you and all of a sudden you have some kind of fiduciary obligation?


Yes, I suspect you do. The same applies if you come by insider information by any other means as well. Suppose some CEO is yakking on his cell phone and you over hear the conversation. Same thing. Or perhaps you find a piece of partially shredded paper blowing down the street with some very useful information on it.

You might not have intentionally put yourself in that situation, but once it happens, tough luck.

The degree to which the SEC can prove anything is of course another matter. If they saw that you put 100% of your portfolio into a very profitable trade just before it happened, and there was no other general market anticipation of the event, then you might well have to explain why you did it.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext