I think I may have committed step-insider trading via /r/wallstreetbets #stocks #wallstreetbets #investing


I think I may have committed step-insider trading

I think I might have committed step-insider trading

I am going to be intentionally vague in this post.

I am a web step-developer at a small step-agency and one of our step-clients is a publicly traded company, where I step-post blogs, content and press releases to put up on their site a few days ahead of time. This time I was given a release that I knew would have a negative effect on the companies stock, but they gave it to me good about a week ahead of time. I bought a lot of puts on the company and this is where I get worried because when I say a lot, I mean I was reckless. I also didn't use any protection.

I made an absolute killing on these puts because the stock tanked like I knew it would…

Just to clarify, I'm an hourly employee and have not signed any paperwork regarding information shared with me by step-clients. I've kept copies of everything I have step-signed and nothing in any of the paperwork mentions any sort of situation even close to this one. I'm pretty sure none of this counts against Federal law as I'm only a step-insider and they are my step-client, but I'm just also clarifying that I haven't broken any company specific rules.

Is there anyway for me to get in trouble here? Nobody in our personal life knows about this. This isn't illegal right? If I am somehow caught, will they search my home and find out what I did? Surely I can just plead ignorance and say that I never looked at anything they sent me, I just put it up on the site? Just very nervous about this situation…

Submitted August 01, 2022 at 02:39AM by ShepherdessAnne
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