stock trading desk
stock trading desk
Shorted Enron stock by Enron's traders?
How is it that some traders who were working on the negotiating table online Department of Enron were able to short sell Enron stock for their benefit, while many other workers who had Enron stock were burned by its price drop and the collapse? Is this considered privileged or not? They may have more information on the subject. It was a conflict of interest?
I think this would be something that the SEC should have a look. If someone with access to inside information listed on the information that they themselves are committing an abuse of privileged information, which is illegal. If they had no inside information (direct access, ie companies financial accounting, balance etc sheet, a source inside the boardroom), then did nothing wrong. However, the question of why they were allowed to short sell their stock companies to their own benefit, while other employees would be something the department would require it to take a look a.
