As I said.. happy to be proven wrong - but I could not unearth anything indicating it be deemed illegal activity until an announcement is made... certainly questionable... but not illegal. Thanks for the heads up on the normal blackout rule@SuperWealthy, didn't know that one.
Would be natural to conclude that the management/board of IFT could personally have positive sentiment towards the investments within their own company.
Perhaps inversely, the fact he is increasing his stake is a clear indicator that the TO days for TLT by IFT are now all in the rear view mirror?
Just re-read the announcement and it mentioned their fixed trading plan - so googled and found...
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)