Friday, June 16, 2017 1:19:37 PM
LOL... that is a faulty premise. What you are implying is that no member of any company's BOD or management team can EVER trade in their company's stock. We know this is not true. In fact, the best example of this occurs EVERY quarter when Hartstein and Noonan (among others) sell 40% of their FREE shares through the employee compensation plan. The reason they can do this is the trade is scheduled in advance and the timing is based on the quarterly release of their shares and not timed on any news events.
The exact same thing works with buying shares. As an example, Hartstein could take 10% of his base salary of $500K and set up scheduled buys for Finjan stock. He could buy $4K worth on the first trading day of the month for 12 consecutive months and it would not violate any insider trading laws. These buys are pre-arranged and not coordinated with the timing of any news.
So to answer your false premise... no attorney would EVER tell someone they can't buy their company's stock. They would instruct them in one of the many methods that woul make it legal.
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