Comment on Unity bosses sold stock days before development fees announcement
Goodie@lemmy.world 1 year agoSo it’s only insider trading if they get it right? But not just kind of right, like, really right.
Comment on Unity bosses sold stock days before development fees announcement
Goodie@lemmy.world 1 year agoSo it’s only insider trading if they get it right? But not just kind of right, like, really right.
Szymon@lemmy.ca 1 year ago
If they legit sold their stock because they believed they would lose the value of their asset in the timeframe they were planning on owning it because of their company’s policy change, then yes absolutely they should be held accountant.
My argument is that this isn’t insider trading, but rather the movement of money for other, legitimate, purposes. I’m not saying it looks good, but it may just be coincidental bad timing that someone wanted to, for instance, pay for a year of their daughter’s tuition, or buy their son a home as a wedding present.
A clearer example of insider trading is a politician’s husband buying and selling shares of companies prior to public announcements of major government policies that their spouse was involved in enacting.