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The number is zero. Any more than that would be a serious scandal--can't imagine that would be legal. Market manipulation is a pretty serious crime ever since t
by kpwagner 11y ago
The number is zero. Any more than that would be a serious scandal--can't imagine that would be legal. Market manipulation is a pretty serious crime ever since the days of Jay Gould.
- Overtonwindow 11y agoI'm not so sure, remember when it was perfectly legal for members of Congress and their staff to use information gained through their jobs to make stock purchases? I mean this was just a few years ago....
- FireBeyond 11y agoWhen it was? It still is, as far as I recall.
- aetherson 11y agoIs it your contention that Congress also created a special exemption for Consumer Reports? That seems like: a. It credits CR with a lot more power than CR actually has. b. We would have heard about it before now.
- Overtonwindow 11y agoI'm not saying that consumer reports did anything wrong, but insider trading or not, it happens. And places we would not expect. Who would've ever thought that members of Congress in their staff would be allowed to do insider trading? Until someone pointed out that it was illegal some years back, it never crossed my mind. I assumed it was illegal