Comment on No matter how hard he tries, Elon Musk will never be as cool or as respected as Martha Stewart.
dan1101@lemmy.world 2 days agoAs far as I can see from the documentary she was getting on a plane to go on vacation and her broker called her and advised selling $40,000 worth of some stock and she said ok.
givesomefucks@lemmy.world 2 days ago
Nope:
en.m.wikipedia.org/…/ImClone_stock_trading_case
onslaught545@lemmy.zip 2 days ago
That still seems like it’s more on the broker than her
givesomefucks@lemmy.world 2 days ago
It’s not one or the other.
If her broker said:
Then she wouldn’t have broken any laws.
But he said he had insider knowledge that it would drop. And he really did have insider knowledge and it did…
Like, you realize she has literally the best lawyers can buy, is a rich and connected white person…
And she still went to jail. Why are you just insisting she’s not guilty?
onslaught545@lemmy.zip 2 days ago
I never insisted on anything. All I said was the provided excerpt doesn’t really further the claim she was involved.
It’s not at all uncommon for a financial advisor to call up a client and advise them to sell because they think a stock is going to drop. It’s also not uncommon for them to frame things as a sure thing.
The comment I responded to didn’t state that he told her why she should sell.
Sanctus@lemmy.world 2 days ago
Idk, she should have known the minute she got the hot tip it was insider trading and just waited until the announcement to sell. She wouldnt have noticed the 40k.