Ross: Shocked by Allegations Against Leon Cooperman

The transcript discusses Leon Cooperman's reputation and his dealings with the SEC, highlighting the challenges of insider trading and investment in public versus private companies. It also touches on the SEC's evolving regulatory approach and its implications for investors.

What is the speaker's initial reaction to the allegations against Leon Cooperman?

• They have no opinion on the matter.

• They are shocked and doubtful of the allegations.

• They are unsurprised and expected it.

• They believe Leon is guilty.

How does the speaker describe their involvement in private investments?

• They are not involved in private investments.

• They play an active role and adhere to blackout periods.

• They only invest in public securities.

• They are involved but do not follow any regulations.

According to the speaker, what is a key factor in avoiding insider trading issues in private investments?

• Ignoring blackout periods.

• Being on the boards and playing an active role.

• Trading based on rumors.

• Investing only in public securities.

What does the speaker believe about the logical actions of management?

• They are always unpredictable.

• They are irrelevant to insider trading.

• They are always based on insider information.

• They are usually logical if you know the company well.

What does the speaker suggest about the SEC's current approach compared to a decade ago?

• The SEC is more aggressive now.

• The SEC's approach has not changed.

• The SEC is more lenient now.

• The SEC is less aggressive now.