“All-out Scam”: How Insider Trading Works in the US

Jimmy Filler made a decent fortune buying and selling scrap metal in Birmingham, Alabama. He will soon be 80 years old, and he has almost retired, collects vintage cars and souvenirs from the casino, bought a mansion with an area of ​​​​almost 20 thousand square meters. feet (about 2 thousand square meters) in the hills outside the city and donated $ 1 million to build a training facility for the football team of the University of Alabama in Birmingham. As a result of his generosity, Filler became widely known in his hometown, but he became even more popular among a certain class of stock traders.

That's because Filler has an incredible track record of buying shares in the companies he advises and invests in. Of the 496 deals he's made since 2014 with ServisFirst Bancshares Inc., an Alabama-based company he sits on the board of directors, and with Century Bancorp Inc. in Massachusetts, of which he is the largest shareholder, 372, or 75%, turned a profit in three months. The best stock players in the world dream of such success - it's like reaching the final of the main tournament of the World Series of Poker for several years in a row.