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Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?

To: Iceberg who wrote (5211)	2/17/1999 9:15:00 AM
From: j_b	Read Replies (2) \| Respond to of 13953

<<how many people actually get caught doing insider trading? Very few I suspect, and especially relative to the number who get away with it on a daily basis.>> Every public company I've been involved with (and that's quite a few) has had a policy, strictly enforced, prohibiting trading by management at all times except during a small window each quarter. Even then, they check with their attorneys to make sure there is no reason to close the window that quarter. IMHO, the people that get away with insider trading are either not officers of the company or just plain lucky. Even if the SEC doesn't get them, the attorneys representing the plaintiffs in the class-action suit that resulted from the price drop would. It's not that I have so much faith in the SEC - I have faith in the greed of the attorneys. Because of them, high-visibility companies follow strict guidelines that their management rarely flouts.