(Total Views: 459)
Posted On: 04/22/2020 9:58:59 PM
Post# of 32991
Excellent update.
Mahalo for that!
"In addition, the SEC has established rules requiring the issuer to notify the director or executive officer when imposing a blackout period.3
The purpose of these rules is to prevent insider trading that could otherwise occur during the period when changes are being made. Insider trading is illegal when material information about a company has not been made public and has been traded on. This is because the information gives those having this knowledge an unfair advantage."
https://www.investopedia.com/ask/answers/08/b...period.asp
Others will add their own DD on Blackout periods.
Basically, it is to protect general shareholders for getting screwed by anyone on the inside knowing what's coming that will most likely have a direct effect on the stock price; positive or negative.
Great to see you reach out to the company and how the company answered your question.
Wonder what's coming.
Aloha
Mahalo for that!
"In addition, the SEC has established rules requiring the issuer to notify the director or executive officer when imposing a blackout period.3
The purpose of these rules is to prevent insider trading that could otherwise occur during the period when changes are being made. Insider trading is illegal when material information about a company has not been made public and has been traded on. This is because the information gives those having this knowledge an unfair advantage."
https://www.investopedia.com/ask/answers/08/b...period.asp
Others will add their own DD on Blackout periods.
Basically, it is to protect general shareholders for getting screwed by anyone on the inside knowing what's coming that will most likely have a direct effect on the stock price; positive or negative.
Great to see you reach out to the company and how the company answered your question.
Wonder what's coming.
Aloha
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