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Also, it seems like it could fall under RICO: https://en.wikipedia.org/wiki/Racketeer_Influenced_and_Corrupt_Organizations_Act https://en.wikipedia.org/wiki/Ra
by gm-conspiracy 9y ago
Also, it seems like it could fall under RICO:
https://en.wikipedia.org/wiki/Racketeer_Influenced_and_Corrupt_Organizations_Act https://en.wikipedia.org/wiki/Racketeer_Influenced_and_Corru...
One could argue the disclosure timing and executive stock sales (pre-disclosure) could constitute investor/securities fraud, as well.
- jfindley 9y agoIt's not RICO. https://www.popehat.com/2016/06/14/lawsplainer-its-not-rico-dammit/ https://www.popehat.com/2016/06/14/lawsplainer-its-not-rico-... Unfortunately, there's no law I'm aware of that's going to help you here - although there /possibly/ should be a law governing ownership of someone else's private data, that's not currently the case, as far as I know (IANAL). It's also not immediately obvious to me how you'd construct such a law without causing problems for many other areas of the financial system.
- gm-conspiracy 9y agoI meant criminal, not civil. Whether Jeff Sessions thinks so is another story.