Let’s say a biotech CEO learns that, in two days, her company is going to announce clinical results that will surely boost its stock price. She can’t legally buy up a bunch of the company’s shares right then — that would be the bad kind of insider trading — but she can cancel a scheduled 10b5-1 sale to avoid dumping stock just before its price soars.
I come across some cool sh*t when researching job leads. I came across this totally random, from WikiLeaks regarding a Head Hunters pitch document to provide services to locate a CIO for Stratfor Cap. I had never heard of them before but apparently they were a Global “Intelligence” firm that has provided a lot of information to hedge funds, Gerson Lehman Group anyone?! I guess they thought they should be profiting from their info instead. I could be wrong but I don’t think econ data, especially foreign econ data, is considered insider trading? And wouldn’t you just know it – Goldman Sachs plays a big role! Started by George Friedman, I read his book “The Next 100 years” and found it to be quite entertaining actually, he’s very pro United States!
Read #4 first for some background:
And the pitch document: