Can my company know that I’m trading stock outside our trading window?

Undisclosed
mwAnon2

Undisclosed

mwAnon2
Oct 29, 2018 52 Comments

My company has a policy that no one can trade stock outside our trading window for insider trading purposes. Let me be clear, I have no insider info, I just think our stock would be a good investment, but for all I know after earnings our stock might go down.

I’m thinking there is no way that anyone can know that I’m making trades in my personal brokerage account. Is there some type of reporting that brokerage houses have to do that I’m unaware of or how do companies expect to ever act on their trading window policies?

Edit: FYI I’m not going to be making any trades. I don’t really stand to gain anything to balance out any level of risk. I had kinda assumed there was no real risk because I don’t have any idea if the stock is going up more than you do and assumed I’m not an insider, but maybe there is some risk. I’ll do some more info for my own curiosity but not going to do anything against policy.

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TOP 52 Comments
  • Wayfair
    addA30

    Go to company page Wayfair

    addA30
    The SEC is a thing.
    Oct 29, 2018 15
    • Undisclosed
      mQWO36

      Undisclosed

      mQWO36
      Because I theoretically have access to revenue data, even though I wouldn’t know how to interpret any of it, I’m still bound by the same restrictions as our execs, which are way more strict than for the rest of the company (example: product is bound by blackout, I am bound by a quiet period that leaves me a 6 week window for any activity).
      Oct 29, 2018
    • Wayfair
      WAINTFAIR

      Go to company page Wayfair

      WAINTFAIR
      The trading black outs are a scam. All board trades when ever they want.
      Mar 25, 2021
  • Tesla
    Qbb

    Go to company page Tesla

    Qbb
    No it’s not - insider trading is to trade on information not publicly known.
    Oct 29, 2018 7
    • Comcast
      kSoT38

      Go to company page Comcast

      kSoT38
      Wayfair, you're full of shit. Sure, it can make the company look bad, but it's not insider trading to simply make a trade outside of the trading window.
      Oct 29, 2018
    • GE
      weakPtr

      Go to company page GE

      weakPtr
      Don't take legal advice from Blind. Just follow the company policy, arm chair internet lawyers from Blind aren't going to come to your rescue when the shit hits the fan.
      Oct 29, 2018
  • Tesla
    dfka50

    Go to company page Tesla

    dfka50
    By definition of working on company products or services you are an insider. Do not break the law for a small gain.
    Oct 29, 2018 8
    • Tesla
      dfka50

      Go to company page Tesla

      dfka50
      It’s not my definition it’s the SECs. You really do work at tesla huh? Your asshole is showing. You need to google this before you act like you know lol. Opening a trading window allows time for information to be made public, allowing the public to review key data the company does not generally disclose, thus allowing a “fair” playing field.
      Nov 1, 2018
    • Tesla
      Qbb

      Go to company page Tesla

      Qbb
      You’re so wrong, if you knew we were releasing information in the future that would affect the stock it’s still insider trading. Have you ever wondered why the email tells you to consult with legal if you have knowledge of material non-public information? It’s so it can be assessed and if really needed the correct forms uploaded to EDGAR for SEC disclosure. There is so much more material information than just financials and earnings.
      Nov 2, 2018
  • Amazon
    Mr.Bob

    Go to company page Amazon

    Mr.Bob
    It’s not the company you should worry about but the government.
    Oct 29, 2018 0
  • These guys have no clue of what they are talking about. You are not an insider unless you are an executive high up in the chain, like CEO, CFO, VP, etc.
    Oct 29, 2018 4