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REUTERS SAC Capital to Set Up Shop in Japan | SAC Capital Advisors, a hedge fund that has come under government scrutiny for its unusually prescient trades, plans to open an office in Tokyo next year, citing opportunities in Japan, Bloomberg News reports.
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"A lot of companies had some trades planned at that time," he said.
Mets General Manager Steve Phillips does not talk about specific trade plans.
It has said it will sell those shares through predefined written trading plans.
Trading plans, however, are not right for every type of business.
Insiders who do not use trading plans, he said, can still engage in legitimate transactions.
Insiders have had plenty of other reasons to hesitate before signing up for trading plans.
Like many technology company executives, Ms. Sandberg routinely sells small chunks of her holdings under automated trading plans.
For other companies, having insiders enter trading plans was a direct reaction to the scandal at Enron.
WITHIN a company, Mr. Gulotta recommends confining the use of trading plans to a minority of workers.
China has its own trade plans under discussion but could one day be part of the TPP.
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