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Help Wanted: Seductive Women to Get Insider Info
CNBC ^

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 disclosing—the tipper—must 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 ...


TOPICS: News/Current Events
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1 posted on 01/22/2013 4:45:09 PM PST by Red in Blue PA
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To: Red in Blue PA

World’s oldest profession.


2 posted on 01/22/2013 4:47:39 PM PST by Rodamala
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To: Red in Blue PA

If it was Fox, I would be more than happy to say “I HAVE INSIDER INFO!”


3 posted on 01/22/2013 4:48:47 PM PST by freedumb2003 (I learned everything I needed to know about racism from Colin Powell)
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To: Red in Blue PA
"beautiful, sophisticated ladies" to seduce businessmen in hopes of "extracting key pieces of information."

Here's a few:


4 posted on 01/22/2013 4:49:07 PM PST by library user
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To: Red in Blue PA

I can understand how this could be effective. Men are simply going to have to learn to control themselves.


5 posted on 01/22/2013 4:50:17 PM PST by TwelveOfTwenty (Ho, ho, hey, hey, I'm BUYcotting Chick-Fil-A)
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6 posted on 01/22/2013 4:52:26 PM PST by Enterprise ("Those who can make you believe absurdities can make you commit atrocities." Voltaire)
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To: Enterprise

7 posted on 01/22/2013 4:53:52 PM PST by library user
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To: Red in Blue PA

And just my luck I find all the selective women.


8 posted on 01/22/2013 4:57:16 PM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: freedumb2003
If it was Fox, I would be more than happy to say “I HAVE INSIDER INFO!”

I dream of giving insider info to Jamie Colby.

9 posted on 01/22/2013 4:58:13 PM PST by Buddy Sorrell ( John Boehner is our Pierre Laval. We need a Charles DeGaulle.)
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To: Red in Blue PA

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’.”


10 posted on 01/22/2013 4:58:41 PM PST by yefragetuwrabrumuy (Best WoT news at rantburg.com)
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To: Enterprise

I’d tell her anything just to get her to put a burka on.


11 posted on 01/22/2013 5:00:27 PM PST by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: Buddy Sorrell
<>I dream of giving insider info to Jamie Colby.

Rules... rules!!!

Me? I'm a Harris guy...


12 posted on 01/22/2013 5:02:51 PM PST by freedumb2003 (I learned everything I needed to know about racism from Colin Powell)
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To: freedumb2003

Not bad for 47 years old. :O)


13 posted on 01/22/2013 5:04:45 PM PST by library user
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To: Red in Blue PA

This thread went south very quickly. LOL


14 posted on 01/22/2013 5:45:45 PM PST by Obama_Is_Sabotaging_America (IMPEACH OBAMA)
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To: Red in Blue PA

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.


15 posted on 01/22/2013 8:31:43 PM PST by tbw2
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