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Michael Brown (Michael Brown) recent abrupt departure, a former senior Google employees replace his position. To promote the fundamental cause of Brown's departure is an insider trading scandal. The U.S. Securities and Exchange Commission (hereinafter referred to as: SEC) is investigating the secondary market, this market makes Facebook, Twitter and other start-up companies are not listed in any important financial information not to disclose the circumstances to engage in stock trading. Currently has more than one source confirmed that Brown had privately purchased from the secondary market shares in Facebook, this behavior is considered a Facebook insider trading, and in accordance with internal regulations, insider trading will be removed as a punishment. These messages also pointed out, Facebook has already removed Brown's decision will internal communication. What the deal is not yet known what caused the harm. But there is news that the deal with the investment firm Goldman Sachs announced earlier this year about some of the information that the Goldman Sachs earlier this year on the Facebook valuation as high as 500 billion dollars. Cheap Rosetta Stone Hindi
The sources said Brown had made a very naive mistake, but he also paid the appropriate price. Otherwise a message that the specific timing of the deal in September of last year, Goldman Sachs issued in the valuation of Facebook before. In any case, Facebook for Brown to severe penalties, and SEC will also Facebook a more rigorous investigation. If Brown are in listed companies, then he is no doubt that this move would violate several provisions of federal law. However, there is news that is not yet officially listed as Facebook, these legal provisions do not apply. But Brown's behavior was a violation of Facebook's own "Insider Trading Regulations", which is the reason he was finally removed from the host. Facebook has no comment Cheap Rosetta Stone Japanese
on the matter, only that "we do not comment on personal issues." The Brown's lawyer Edward Swanson (Edward Swanson) will only recognize his Brown's attorney, also said he would not comment. According to intelligence, the amount of Brown's deal is not large. The same insider transactions reported in the Silicon Valley start-ups within the common, and the number may be even greaterAll right reservedRelated
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