Skip to comments.Help Wanted: Seductive Women to Get Insider Info
Posted on 01/22/2013 4:45:05 PM PST by Red in Blue PA
Someone has placed a job placement notice on a controversial online classified ads site seeking "beautiful, sophisticated ladies" to seduce businessmen in hopes of "extracting key pieces of information."
Let's start with the basics. The legal prohibition against insider trading is not embodied in any specific statute. Instead, the ban is based on an interpretation of a broader ban on fraud under SEC Rule 10b-5. The classical theory of insider trading is that insiders violate Rule 10b-5 by using material, nonpublic information for personal gain in breach of their fiduciary duties.
People who don't have fiduciary duties can engage in prohibited insider trading if they receive an illegal tip from someone who does have a duty. The basic idea here is to prevent insiders from getting around the law by giving insider information to co-conspirators not directly tied to the company in question.
Tipper-tippee liability has two important elements. First, there must be a disclosure of material, nonpublic information by someone with a fiduciary duty. Second, the person doing the disclosingthe tippermust expect a personal benefit as a result of the disclosure. In effect, this means that accidental disclosures do not give rise to insider trading liability for either the tipper or the tippee.
(Excerpt) Read more at cnbc.com ...
World’s oldest profession.
If it was Fox, I would be more than happy to say “I HAVE INSIDER INFO!”
Here's a few:
I can understand how this could be effective. Men are simply going to have to learn to control themselves.
And just my luck I find all the selective women.
I dream of giving insider info to Jamie Colby.
A remember a story written before the collapse of the Soviet Union, by a westerner who was paying a visit and making observations. He was in a foreigners’ hotel in Moscow, and noted the rather hard looking young women going from table to table offering to (illegally) exchange money or provide other illegal services.
It was very obvious that they were KGB or some other type of police trying to trap foreigners that they could then squeeze for information.
In any event, at another table he spied a couple of large Texan businessmen, who were quite at ease, sitting back in their chairs and sipping on liquor. Apparently familiar with Moscow and its ways, whenever one of these women approached their table, they just smiled, took a sip, and said,
“I can hear them jail doors clangin’.”
I’d tell her anything just to get her to put a burka on.
Me? I'm a Harris guy...
Not bad for 47 years old. :O)
This thread went south very quickly. LOL
All I can think is that someone read “Art of War” and put it into practice in business, since it actually has a successful track record.
As compared to modern management theory that nearly ground the world economy to a halt.