Unity bosses sold stock days before development fees announcement::Unity executives sold thousands of shares in the weeks leading up to last night’s hugely controversial announcement it …
Unity bosses sold stock days before development fees announcement::Unity executives sold thousands of shares in the weeks leading up to last night’s hugely controversial announcement it …
unfortunately there is a massive loophole that allows them to do this. what they do is set up sell orders at regular intervals (once a month or whatever) for months or years in advance. then when they decide they dont want to sell, they just cancel the order which is totally fine for them to do for some reason. if they do want to sell they just let the order execute and if anyone asks, they set it up a year ago and there is no possibility that the current decision could have influenced them into making that sell order a year ago.
I guess it would be best to change the rules so that they cannot trade their company stocks at all while working there and a reasonable period beyond. I think some legislations already restrict floating stock like that but I’m no expert on the matter.