Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

turbinetree

(24,695 posts)
Mon Mar 5, 2018, 05:52 PM Mar 2018

This is what an insider trading expert thinks about Carl Icahns stock dump

One of the nation’s leading experts in insider trading, James D. Cox, believes that Carl Icahn’s sale of more than 1 million shares of a steel-related stock just days before President Trump announced plans to impose steep tariffs on steel imports was “awfully suspicious” and “unquestionably” warrants a federal investigation.

Cox, a professor at Duke Law, has been teaching and writing about insider trading law for nearly 50 years. He has testified as an expert on on the subject before the U.S. House and Senate. Cox literally wrote the book on corporate governance, co-authoring the multi-volume treatise Cox and Hazen on Corporations, which includes a section on insider trading law.

Last week, ThinkProgress broke the news that Icahn systematically sold off nearly 1 million shares of Manitowoc Company Inc between February 12 and February 22. Manitowoc, a leading manufacturer of cranes and other heavy-duty lifting equipment, is highly-dependent on steel. Just seven days later, Trump disclosed at a White House event that he was planning a 25 percent tariff on steel imports.


https://thinkprogress.org/carl-icahn-insider-trading-2bbd9561f9e6/

Well now, since this happened is "ayn rand" Ryan , and Mitch "the turtle" going to hold an investigation in this matter................don't think so .............

2 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
This is what an insider trading expert thinks about Carl Icahns stock dump (Original Post) turbinetree Mar 2018 OP
Could it not be investigated by Eric Schneiderman ? OnDoutside Mar 2018 #1
It would be lovely to see Icahn be Martha Stewart-ed. fierywoman Mar 2018 #2
Latest Discussions»General Discussion»This is what an insider t...