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Re: MoneyStocker1 post# 18941

Sunday, 08/11/2013 10:48:49 PM

Sunday, August 11, 2013 10:48:49 PM

Post# of 22426
Thanks for the info MS.
You posted:

possession of such information alone is sufficient to violate the provision, and the SEC would infer that an insider in possession of material nonpublic information used this information when conducting a trade



It seems obvious that as CFO the SEC would automatically infer he was already in possession of insider info. His ONLY defense from violation is IF it was from a prearranged systematic buying plan that was in force before he was privy to the insider info. If he can't prove that he would be in violation.
Get it?

Even if the chances of getting caught are low(which they probably are).

GO NAVY !!

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