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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: A. A. LaFountain III who wrote (62151)6/17/1999 3:15:00 PM
From: grok  Read Replies (2) | Respond to of 1574249
 
Tad, thinks for this info which was vrey informative in dealing with insider information and how someone could get in trouble if they act on it AND if they profit due to it.

However, we've had several postings on a slightly different subject but maybe my use of the word "juicy" has confused things. Could you please just verify if I have the following correct:
1. Management of a company has obligations to inform investors if they come into knowledge of something (like not meeting quarterly expectations) that could affect stock prices.
2. These obligations are not limited by time, i.e., they should inform whenever they learn such news.
3. During non-quiet time management can give "selective guidance" to individuals like you for example on how they are doing.
4. During quiet time they cannot give this selective guidance but all guidance must be non-selective meaning that they've gotta tell everyone at the same time by press release or conference call.



To: A. A. LaFountain III who wrote (62151)6/17/1999 3:29:00 PM
From: RDM  Read Replies (1) | Respond to of 1574249
 
<Also, under the 1988 Act, the insider who passes on the information is as liable as the person who trades on it. And you're probably right in assuming that very few high-tech employees understand this. >

Tad:
I would think that a disclosure by an engineer on SI does constitute public disclosure. Thus trading and benefiting from this data available to the public may not be trading on protected inside information.