Insider Trading Ring
SEC charges $Netflix(NFLX)$engineers with $3 million insder trading ring as group allegedly traded ahead of 13 separate earnings announcements.
The SEC said that it caught the illegal trades using data analysis tools that can detect when traders have improbable levels of success trading the securities of company over a period of time.
Long-running, multimillion dollar scheme to profit from valuable, misappropriated company information.
The group allegedly relied on nonpublic information about the growth in Netflix's subscriber base to buy and sell Netflix securities between July 2016 and July 2019.
Beware! Traders and Investors should trade and invest with caution!
Always remember, Profits will always be profits!
To be safe, here's a word of advice.
Take profits, don't be greedy and don't fall for FOMO! ✔
$AMC Entertainment(AMC)$$Naked Brand(NAKD)$$Exela Technologies, Inc.(XELA)$$Atossa Genetics(ATOS)$
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