The recent dispute with an executive at Hathaway highlights the shady waters every finance person finds himself in today's world.
Speaking from experience, every single conversation with a client is an opportunity of advisement and founding of strong relationships while the fast pace of the law and its interpretation is open to any point of view.
An executive bought stock on a chemical company. Months later, he decided to recommend an investment in the company to Buffet. They could be two separate and independent events. In this case, the possible acquisition of the company by Berkshire Hathaway can make his initial investment seem like a clear insider trading case.
Even though the SEC is not following up suit, the executive's actions are serious enough to cause a clash an a resignation even when no ill intended act was committed.
