Quote:
Originally Posted by trademaster
The planned sales are pursuant to SEC rule 10b5-1. Announcing the plan to sell publicly protects the Treasury from potential insider trading charges. Having access to material non-public information makes trades without a 10b5-1 plan nearly impossible to do legally. It would be an incredibly huge mistake for the Treasury to sell without a 10b5-1 plan.
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I'm pleased with my decision to not know anything about the stock market and the SEC. I have better things to concern myself with, such as how many beers are left in the refrigerator for when I get home today.