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http://www.journalofaccountancy.com/.../mccarthy.html
To address potential insider trading, many companies inform their brokers that they may be required to suspend on short notice purchases authorized as part of an ongoing repurchase program. In fact, many companies apply the same "blackout period"—forbidding all trades—to corporate repurchases as they do for insider stock purchases by individuals. For example, a company may decide not to trade during a period that extends from 10 days before through two days after any earnings release. - See more at: http://www.journalofaccountancy.com/....Rx1GUT8U.dpuf
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