Insider trading outside. Legal?

Discussion in 'Trading' started by UMU, May 29, 2004.

  1. UMU


    Found at

    1:26PM Yahoo! co-founder Jerry Yang establishes 10b5-1 Plan (YHOO) 30.79 +0.23: According to today's 8-K, co-founder Jerry Yang has established a Rule 10b5-1 plan for the trading of YHOO stock. Under the plan, Yang transferred 8 mln shares of YHOO to a "blind trust," which has complete discretion to trade the stock within a 12-month period. This plan was established in May 25, 2004, during the current trading window.
  2. Mecro


    Wow, is that actually gonna be allowed?

    I mean how much more obvious can it be that he plans to trade ahead of annoucements.