Sunday, March 26, 2017 10:26:05 PM
Oh. Sorry. She got thrown in jail for acting on a $60k investment after her broker advised her to sell. The problem was that her advisor also said that was because so-and-so was going to sell and somehow the SEC, even though billions of dollars in market manipulation tactics go on seemingly unnoticed by them, they detected her indiscretion and decided to instigate a case against her for "insider trading" (which is illegal).
It always seemed to me to be almost comic if it wasn't also kind of tragic. The SEC has occasionally been criticized for failing to discourage or properly investigate evidence of market manipulation. Martha Stewart was a celebrity of sorts as a self-made success with her line of designer items, including house-wares and cooking stuff.
As an investor she was a small fish, but she represented an opportunity for "conspicuous enforcement". By making an example out of her, see, no one could say that the SEC wasn't on the job. Yes, now we are all safe from Martha Stewart. lol
The irony or dark humor aspect here is that, a big powerful investment giant, at one point, screwed up so bad, the SEC had no choice but to do something. I think that time it involved naked shorting abuse involving huge sums, orders of magnitude bigger. But all they got was a slap on the wrist.
Some strange things have gone on with Anavex stock but the trouble with certain government agencies is that they seem almost as likely to investigate the victim as the perpetrators.
It seems like Martha Stewart was just unlucky and (obviously) not some kind of mastermind menace.
So, my remark was meant to be a tongue-in-cheek somewhat humorous reminder to be careful not to admit that you might have heard some "insider" info. You never know what the SEC might do sometimes if the wind blows the wrong way and carries the scent of easy pickings.
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