Is CEO Dumping Stock? Check SEC Online ...
The SEC typically gets about 250,000 forms for insider tradings a year – via snail mail. It made electronic filing voluntary in 1995, but only 6 percent of insiders were doing it (well – what I don’t know doesnt make me hot), said Peter Romeo, a securities lawyer who specializes in executive stock transactions.
“While you had people at Enron saying this is a great stock, you unfortunately had the same people selling their own stock, and people felt they’d been misled when they couldn’t tell that the same people recommending the stock were actually themselves selling it,” former SEC chairman Harvey Pitt told Reuters.
this will bring some new dynamics into some bubbles… :-)
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