Keeping earnings a secret before officially announced

[zdreg]

Only your accountant knows for sure.

GIGO(garbage in, garbage out) The data given to the accountant may be false.

 

[zdreg]

This week will offer many examples to review as most of the largest capitalized stocks report earnings.

Maybe it a good reason to avoid trading the largest capitalized stocks, which are reporting. Sit back and learn

 

[deaddog]

GIGO(garbage in, garbage out) The data given to the accountant may be false.

How do you falsify data?
Outright lies eventually come to light. That's fraud. Accountants are paid the big bucks to manipulate accurate data.

 

[vincentnyc]

you fellas do know your local congressman are exempt from insider trading, correct?

they can trade with insider information and they won't got to jail...now ain't that a bitch?

 

[easymon1]

you fellas do know your local congressman are exempt from insider trading, correct?

they can trade with insider information and they won't got to jail...now ain't that a bitch?

Howdy! question the integrity of the selfless dedicated servants of the people.
My girl Nancy earned each of the hundreds of millions that she's amassed on her $150K salary.
Wait... How'd she do that?

 

[vincentnyc]

View attachment 283069
Howdy! question the integrity of the selfless dedicated servants of the people.
My girl Nancy earned each of the hundreds of millions that she's amassed on her $150K salary.
Wait... How'd she do that?

yes, your local politicians (both democrats and republicans) are serving their overlords (rich and corporations) who pretend to care about the servants (middle class, poor, and illegals etc.). your local politicans need to get paid thus allowing them to do inside trading.

 

[easymon1]

both democrats and republicans

Absolutely! Both wings of that pernicious bird! and the firmly entrenched bureaucrats too. It's a small club and we ain't in it, lol.

 

[ph1l]

you fellas do know your local congressman are exempt from insider trading, correct?

they can trade with insider information and they won't got to jail...now ain't that a bitch?

I doubt if it stops them, but insider trading by Congress hasn't been legal for 10 years.
https://en.wikipedia.org/wiki/STOCK...o law,Congress and other government employees.

The Stop Trading on Congressional Knowledge (STOCK) Act of 2012 (Pub.L.112–105 (text)(PDF), S. 2038, 126 Stat.291, enacted April 4, 2012) is an Act of Congress designed to combat insider trading. It was signed into law by PresidentBarack Obama on April 4, 2012. The law prohibits the use of non-public information for private profit, including insider trading by members of Congress and other government employees.

 

[zdreg]

How do you falsify data?
Outright lies eventually come to light. That's fraud. Accountants are paid the big bucks to manipulate accurate data.

e.g. date of recording of income from sales can easily be shifted from one period to another period.

 

[deaddog]

e.g. date of recording of income from sales can easily be shifted from one period to another period.

We're saying the same thing. Moving sales is more manipulating than falsifying. The sales happened.
The accounting industry is self regulated and GAAP is close to legal fraud.
The take away is you can never be absolutely sure, have a method of contolling your risk!!