Mr Cooper Group Inc (COOP)

[rramirez82]

That's not true according to Rule 10b5-1. On the contrary, I think it means settlement is imminent. Read paragraph two of the following:

AP
JPMorgan CEO Dimon exercises options
Tuesday July 21, 3:24 pm ET
JPMorgan Chase CEO Dimon exercises options for 660,000 shares after 2nd-qtr earnings report


NEW YORK (AP) -- The head JPMorgan Chase & Co. exercised options for 660,000 shares of common stock under a prearranged trading plan, the company said Tuesday.
In a Form 4 filed with the Securities and Exchange Commission, CEO Jamie Dimon reported he exercised options for the shares Friday for $29.96 apiece and then sold 601,279 of them the same day for $36.69 apiece.

The stock sale was conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material non-public information.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

Last Thursday, the New York-based bank reported a 36 percent jump in second-quarter profit, easily surpassing analysts' forecasts as huge gains in its investment banking business outweighed higher losses from bad loans.

The results came two days after rival Goldman Sachs Group Inc. also posted surprisingly good results, solidifying the companies' position as the strongest players in the industry.

For the most recent quarter, JPMorgan earned $2.72 billion, or 28 cents per share, up from $2 billion, or 53 cents per share, a year earlier. Revenues soared 39 percent to $25.62 billion.

http://au.us.biz.yahoo.com/ap/090721/us_jpmorgan_chase_insider_transaction.html?.v=1