Quote:
Originally Posted by Fiat_Lux
Once upon a time, all employees at Bread & Circuses had to fill out SEC required paperwork, every time they bought, sold, or otherwise acquired stock in the company, or any of its vendors, or suppliers, because, under SEC rules, all employees meet the criteria for "insider Trading". The specific example being the guy that works part time, and never sees any other employees, because he cleans the bathrooms and mops the floor at 3 AM.
Have SEC rules changed since then?
Did Bread & Circuses change something when Whole Foods was created, or later when the parent become B&M?
If that hasn't changed, then it might become a huge stumbling block in the acquisition.
|
What does Amazon buying Whole Foods have to do with employees buying stocks?
I am guessing that if it was stocks, the employees were the last to know.
Two big companies merged last year, the employees of at least one company only found out after Yahoo broke the news.