QOTD: Recording Insider Traders is Just Plain Mean

So, I was just sitting around, swapping insider information, and this dude records me. How uncool is that? From the SEC’s insider-trading case transcripts today (via the WSJ):

Primary Global employee: “If you think maybe you, um, you shouldn’t be talking about it — don’t. Or maybe give vague answers…”

Shimoon: “Well, no that’s good and also this is all done over, it’s all done via voice, there’s no real record of information.”

Primary Global employee: “Yeah, I mean we don’t record, um, or monitor your call between you and our clients….it’s sort of up to you to figure out when you talk to clients.”

Shimoon: “That would really suck if you recorded all the calls.”



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