JP Morgan Private Bank insider trading how-to
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- Analysis
This confidential, internal JP Morgan presentation details the aspects of Hedging and monetization, the so-called PrISM concept, Rule 10b5-1 and Postpaid PrISM.
The introduction into Hedging and monetization, titled Diversifying restricted stock requires navigating complex rules and regulation explains various regulatory limits a trader is constrained by, and explains strategies to optimize investments under these constraints.
One of these strategies, called PrISM (Principal Installment Stock Monetization strategy), is explained in the second part of the document. Besides various details on transaction flows and ROI information, the section also provides popular samples of investors into this program.
The third part of the presentation pertains to Rule 10b5-1, a regulatory rule enacted by the United States Security and Exchange Commission (SEC) and explains how PrISM relates to the constraints imposed by this rule [that is already considered to be object to abuse] This gets more detail in the figures presented in the fourth and last part.
The presentation ends with a disclaimer that JP Morgan is not offering tax adivce herein.- Context
- United States
- Company
- Barry Diller
File size in bytes
In March 2007, IAC Chairman and CEO Barry Diller entered into a complex series of transactions to "hedge" against losses in the company's stock value. From March 2007 to March 2008, the company's share price declined by 50%.
Luckily for Mr. Diller, he hedged his bets and made money. As for the rest of the shareholders, sorry!
Categories: Leaked files | Analyzed | United States | Company | Barry Diller | 2008 | 2008-03 | English