micu micuintus@gmx.de writes:
BTW: Did you know that the new trojan Nokia CEO, Stephen Elop, is the 7th biggest owner of MS stock? 3.18 Miollion $! http://mge.bz/3f Is he working for Nokia or is he working for Microsoft?
A Finnish newspaper says that this is due to a law that forbids the use of inside information when buying company shares:
"Arvopaperimarkkinalaki eli pörssilaki kieltää yhtiön sisäpiiriläisiä käyttämästä hyväkseen julkistamatonta sisäpiirintietoa omissa kaupoissaan. Nokiassa on tulkittu, että Elopin suunnittelema Nokian strategiamuutos oli sisäpiirintietoa viime perjantaihin asti."
-- http://www.hs.fi/talous/artikkeli/Nokia+P%C3%B6rssilaki+esti+Stephen+Elopin+...
I think the law that they are referring to is
http://www.finlex.fi/fi/laki/ajantasa/1989/19890495
which has an English translation at
http://www.finlex.fi/en/laki/kaannokset/1989/en19890495
"CHAPTER 5 (13.5.2005/297) Provisions on market abuse Inside information Section 1 (26.10.2007/923) Inside information shall mean information of a precise nature relating to a security subject to public trading or to multilateral trading which has not been made public or which otherwise has not been available in the markets and which is likely to have a material effect on the value of the said security. The provisions of subsection 1 shall also apply to a security: 1) which is subject to trading corresponding to public trading in another EEA Member State; 2) the admission to public trading or to trading corresponding thereto in another EEA Member State of which has been applied for; or 3) the value of which is determined on the basis of a security subject to public trading or to multi- lateral trading or on the basis of a security referred to in subsection 1 or 2. " ...