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Non-Tech : Conseco Insurance (CNO)
CNO 42.05+0.6%Jan 30 9:30 AM EST
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To: M.A. Miller who wrote (418)11/20/1997 4:28:00 PM
From: Wabash Cannonball  Read Replies (1) of 4155
 
Doesn't the SEC carefully monitor any insider stock purchase (or sale) taken on specific insider knowledge of an impending transaction which would enhance (or reduce) the value of the stock? Aren't there severe penalties for such insider trading? I thought the SEC reviewed all insider activity shortly after a transaction occurs.

If this above is true, does anyone think these recent insider purchases still mean a near term transaction will take place? Or, maybe these were made based upon a general feel for the stock's value? Comments, please.

Wabash Cannonball
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