Replies to post #43204 on Biotech Values

[gofishmarko]

>>> The SEC's goal in creating automatic trading plans was to allow executives to sell shares without triggering insider trading charges. <<<

So , they created trading plans which :

"allow executives to end plans before they've been fully executed, set up multiple short-term plans, and begin selling immediately after adopting a plan."


I'd say the SEC met its goal.

The net effect is that insider trading is perfectly legal , as long as you give it a different name. Sort of like the way bribery is legal if it's called " campaign finance " or " lobbying ".

Jeez , the price we're willing to pay for a free market...

[iwfal]

10b5-1's are a scam - One need look no further than PARS before the Dexanabinol(sp?) to see exactly this effect. They took a detailed look at the blended data about 13 months before the unblinding and released the positive news, then set up 10b5-1's that unloaded a huge percentage of their stock before unblinding. I no longer remember the details, but that in itself was enough to provide instruction that 10b5-1's do not do what they are 'supposed to do'.