This place is supposed to be an anonymous get-together for working professionals in the corporate world, right? I would suspect a lot of people on here are younger, tech- and finance-literate. Anyone else think this is just asking for people to trade insider info?
Insider trading is only illegal if it involves knowingly violating a confidentiality agreement or fiduciary obligation, or taking part in a quid pro quo effecting such a violation for mutual personal gain. You are, legally speaking, engaging in insider trading every time you buy or sell stock (or derivatives thereof) of a company you work for. For instance, say a Google employee (tagged as such on Blind) gave material nonpublic information away for free in an open post on Blind. They'd be breaking their own confidentiality agreement, but they wouldn't be engaged in insider trading. And that information would (for all intents and purposes) become public from a trading standpoint. The worst case scenario here is that Google fires or sues the employee. The SEC doesn't have an insider trading case against anyone here, no matter how people profit from the information on Blind. On the other hand, if employees from Google and Facebook exchanged inside information about their respective companies in DM on Blind, they would be effecting a violating quid pro quo. If the SEC could demonstrate that quid pro quo, they'd have a very strong case against both parties. If a Google employee provided material nonpublic information (requested or not) on Blind (privately or not) and there was no quid pro quo in effect, the requesting/receiving party would technically be allowed to trade on it. The SEC would be interested in investigating, but as described they'd have no case against either party. This is a grey area though because it's so unlikely; usually there is some kind of kickback to the person risking their job or career to provide the material nonpublic information to the trader.
Now u see me, now u dont. Anonymous ??? π€ it is, until it is not. Ashley Madison was supposed to be somewhat anonymous until it was not. I saw my VP's post on Ashley Madison about his pusycat preference (soft, exotic and bla bla bla) and I can never unsee that. Every time I see him, thats the first thing that comes to my mind.
Lmao. I wonder if he knows what your thinking.
Most people here are techies not finance. So they don't have inside info. The finance people who do won't be here because they're already making so much TC that they don't need to come here to get referrals. If you are here to get insider info to buy stocks and get rich, then ππππ
Negative. Iβm finance and βdonβt make so much TCβ like that. Every entry level SDE on here makes more than a finance professional with 10 YOE. Amazon L6.5 TC 175k
Asking or sharing comp info is not illegal. I think Obama signed that law
Do you not know what insider trading is??
Gave the benefit of doubt... Thought he meant that cuz the other thinking will get this site/app shutdown very quickly