Guess I wasn't as smart as I thought. Man, that $270,000 profit cost me more than I though.
Peace out,
Jing
4 replies (most recent on top)
UT said it was a $500,000 fine for Jing. (Of course, we KNOW how reliable they are....) I think he also made the trade from a QC account--which is dumb. Q automatically deducts the state and federal taxes from any profits. So there's a record of any such transactions.
http://www.justice.gov/opa/pr/former-senior-executive-qualcomm-sentenced-18-months-and-fined-500000-insider-trading-and
18 month in state prison...maybe can apply parole after 6 month if he is doing good in the jail.
No worry about our ex-EVP. He is doing fine. Only 50K fine + 1500 hrs community service. Not a bad deal, the hourly rate for community service is about $145 USD, still much better than most of you guys.
http://www.utsandiego.com/news/2015/feb/13/qualcomm-sentence-insider-trading-herman-atheros/
Totally not worth it...my athr retention RSUs were worth more than that at time of grant and no insider trading was required. Although i had to wait 3 years to receive all of it, at least I won't need to worry about getting my fudge packed while I'm showering