Re: Holy cow
 

Is that you Stanko?

TM

Re: Holy cow
 

Best definition of "tragedy" ever.

TM

Re: Welcome back E/O, leagl and Fringey: no one say the name "Penske" 3 times in a ro
 

Only if someone can explain Microsoft's brain-dead marketers to me - http://www.sfgate.com/cgi-bin/blogs/...id=50476&tsp=1 .

Re: Holy cow
 

I thought the best definition was when the feeling's gone and you can't go on.

Re: Welcome back E/O, leagl and Fringey: no one say the name "Penske" 3 times in a ro
 

the onlieiest thing you need to know is, if you're on a cul-de-sac and people are all wearing red snuggies DO NOT pull out your blue one.

Re: Holy cow
 

Who is doing the trading is the easy part (and the basis of "do you know any of these people" FINRA requests that sometimes come around after a deal closes). The hard part is who is doing the tipping, which is where your list making comes in.

Yes and no. As I assume a person who would be willing to engage in insider trading likely would have no problem saying, "I don't know any of those people" even though his tippee is on the list, he probably isn't that easy to identify anyway.

Re: Holy cow
 

If it makes you feel any better, if I knew what Blakes was, I might be impressed.
:)

Re: Holy cow
 

Some Canadian you are.

Re: Holy cow
 

What if the tipper merely mentions some key fact innocently:

Evidence Note taker: Hey, how's the Dow Jones deal going?
Unwitting tipper: Dude, it's sucking. I'm going to be up 48 hours over the weekend for a Monday close.
[days later]
SEC: So, unwitting tipper, did you talk to any of the people on this list while grabbing a Snickers?

Re: Holy cow
 

Feel free to change the hypo all you want, but the guy who offed himself was allegedly not an unwitting tipper.

But if your unwitting tipper was saying this to someone within his firm, yes, that was my point. It would not be hard to get info by talking to people around the office, and even if you did, that would get you on the list of people who had information, but if you weren't trading ourself (as the dead guy didn't seem to be), it would still make identifying your note taker as the real tipper quite difficult.

Re: Holy cow
 

If it is not hard to get info by talking to people around the office, there are too many loose lips.* Firms regularly talk to people working on these kinds of deals about the importance of not talking to anyone about the deal, not even within the firm. Not even if they otherwise work on matters involving the company.

*Yes, I know it happens.

Re: Holy cow
 

Huh? Cornblum was sneaking around the office in early hours. How is it just as easy to connect him to the insider trading if he's going around asking people what they know? It's a lot more likely for the SEC to make a connection when someone working on the deal can say "whoops, I must have said something to Cornblum" than "whoops, I must have tossed some notes in the trash can and someone grabbed them out."

Re: Holy cow
 

This is an understatement.

Re: Holy cow
 

I said neither is easy.

Right, but this doesn't mean anything unless Cornblum himself was doing the trading, which based on that story it doesn't sound like he was. Which means that now Cornblum gets asked, "do you know any of these people [who traded in the stock befor the announcement]?" Given that he is already breaking the law by tipping, he isn't going to hesitate to lie and say he doesn't, leaving the investigators to have to connect him to someone extrinsically, which isn't easy unless the tippee is a family member.

If Cornblum himself is trading on information from his firm, he is likely pretty easy toast whether someone remembers saying something to him or not.

Confidential to Not Bob
 

Lilith Fair is returning: http://artsbeat.blogs.nytimes.com/20...-fair-returns/