I need facts.
What was the timeline between Sokol’s buys and him pitching the company. Did he do/use Bershire’s research to evaluate the purchase?
A corporate insider has different responsibilities than you and I.
The fact that it “happens all the time” does not affect the legality.
As I understand it, the timeline was such that this was just unethical and not illegal. I’m sure there will be an SEC investigation, so we should see ‘proof’ thru that. I have none, but I also know of none to contradict my understanding.
I agree with you wholeheartedly on the “happens all the time” point. Some times the situation is illegal, some just unethical, and some totally above-board.
This appears to be the mid-case.