Comment on No matter how hard he tries, Elon Musk will never be as cool or as respected as Martha Stewart.
givesomefucks@lemmy.world 3 weeks agohat her broker, Peter Bacanovic, tipped her off that ImClone was about to drop
It’s not one or the other.
If her broker said:
You need to sell
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 3 weeks 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.