<story><title>Andy Bechtolsheim charged with insider trading</title><url>https://www.theregister.com/2024/03/26/sun_microsystems_insider_trading/</url></story><parent_chain><item><author>zokier</author><text>I&amp;#x27;m sure SEC has done their homework and knows what they are doing, but to me this is not that clear-cut case. Bechtolsheim heard a rumour that Acacia had gotten offer and traded based on that. But my reading is that to him it was just a rumour, he didn&amp;#x27;t know for certain that the deal was happening or what the terms of the deal were. Of course as a senior executive he should have known better, but still to me this is not the most heinous crime and closer to just a lapse of judgement.</text></item></parent_chain><comment><author>not2b</author><text>Read it again. He didn&amp;#x27;t hear a &amp;quot;rumor&amp;quot;. He got it direct from a manager involved in the acquisition. Nothing in business is certain, but he knew that the acquisition was highly likely. Then he used the account of a relative (doesn&amp;#x27;t say he tipped off the relative, says he used the account), to hide his involvement most likely. If the SEC didn&amp;#x27;t have a strong case he wouldn&amp;#x27;t have settled so quickly.</text></comment>
<story><title>Andy Bechtolsheim charged with insider trading</title><url>https://www.theregister.com/2024/03/26/sun_microsystems_insider_trading/</url></story><parent_chain><item><author>zokier</author><text>I&amp;#x27;m sure SEC has done their homework and knows what they are doing, but to me this is not that clear-cut case. Bechtolsheim heard a rumour that Acacia had gotten offer and traded based on that. But my reading is that to him it was just a rumour, he didn&amp;#x27;t know for certain that the deal was happening or what the terms of the deal were. Of course as a senior executive he should have known better, but still to me this is not the most heinous crime and closer to just a lapse of judgement.</text></item></parent_chain><comment><author>wk_end</author><text>For someone as wealthy as he is (&amp;quot;Forbes lists Bechtolsheim&amp;#x27;s net worth at somewhere north of $16 billion&amp;quot;), a (less than) $1M fine seems more than gentle enough for &amp;quot;a lapse of judgement&amp;quot; and &amp;quot;not the most heinous crime&amp;quot;.</text></comment>