Re: S I ?
posted on
Aug 17, 2015 08:11PM
Seems odd.
Clearly, he has insider information that none of us have.
The SEC rules seem fairly clear that any person with insider information cannot trade the stock that he/she has the info for. Insiders are described, and seem to always be employed by the company, but can't find anything about a "cooling off" period.
The Canadian law seem resonably clear as well, which can be found from the link below:
http://www.canadiansecuritieslaw.com/2010/04/articles/continuous-timely-disclosure/preparing-for-canadas-new-insider-reporting-requirements-in-force-april-30-2010/
I realize that Sheldon is not longer an "insider", and again, I can find nothing nothing about having to wait for a period of time before initiating trades for a company you were once an insider for.
Anyway, not sure how this will work if he is trading currently...it doesn't seem fair.
Also, keep in mind, there is practically no way anyone could determine if Sheldon was trading PTK shares. Filing a complaint seems fruitless without evidence of misdeeds.
IMO