4 ms·

Even if there is a foul play of trading on unannounced news, this should not be called "market manipulation". That may be informed trading, that is not illegal.

Even if there is a foul play of trading on unannounced news, this should not be called "market manipulation". That may be informed trading, that is not illegal. And there is no evidence that this was done by all the same actor. --- > Trump, ... boasted during the G7 summit that his counterparts in Beijing had come back to the table. Indeed, this single Trump lie briefly inflated domestic markets by hundreds of billions of dollars. “What this describes is, quite literally, market manipulation that constitutes criminal violations ...” commented George Conway, the conservative attorney and Trump critic. This is just plain bad reporting. Yes, they questioned the expert, and the expert given them politically loaded opinion. For it to be market manipulations, Trump(himself, as mentioned in the article) need to profit from the action, at least.

qeternity 7y ago
It depends on context: what's the info, who does it relate to and who's trading. There is a category of info called material non public information that is illegal to trade.
- OscarCunningham 7y ago
  It's not illegal to trade per se, only in breach of a duty of trust or confidence to the source of the information.
  - Retric 7y ago
    Depends on the country and relationships involved. In the United States, employee’s making trades based on based on insider information is illegal. Similarly front running in the US is illegal: https://en.m.wikipedia.org/wiki/Front_running https://en.m.wikipedia.org/wiki/Front_running
    - OscarCunningham 7y ago
      Right. But it matters that they are employees, not just that the information is material and nonpublic.
- bobcostas55 7y ago
  >There is a category of info called material non public information that is illegal to trade. This is absolutely not true.
  - dcl 7y ago
    Depends on the jurisdiction? In Australia, I believe it is illegal.
    - 55555 7y ago
      This article is about the Chicago Mercantile Exchange.
  - edoceo 7y ago
    The SEC does not agree with you https://www.sec.gov/fast-answers/answersinsiderhtm.html https://www.sec.gov/fast-answers/answersinsiderhtm.html
    - bobcostas55 7y ago
      >in breach of a fiduciary duty or other relationship of trust and confidence You can trade all you want on material non-public information if you're not an insider (or got your info from one under certain circumstances).
      - edoceo 7y ago
        Like Martha? https://www.thoughtco.com/martha-stewarts-insider-trading-case-1146196 https://www.thoughtco.com/martha-stewarts-insider-trading-ca...
TheCuckedKing 7y ago
It should be illegal to help America. It's to good already. Impeach
Maarten88 7y ago
> For it to be market manipulations, Trump(himself, as mentioned in the article) need to profit from the action, at least Maybe he's just a useful idiot for the real manipulator. Would Trump pick up the phone from a donor who is able to carry out these trades, and be convinced to utter something positive about trade?

qeternity 7y ago

It depends on context: what's the info, who does it relate to and who's trading. There is a category of info called material non public information that is illegal to trade.

OscarCunningham 7y ago
It's not illegal to trade per se, only in breach of a duty of trust or confidence to the source of the information.
- Retric 7y ago
  Depends on the country and relationships involved. In the United States, employee’s making trades based on based on insider information is illegal. Similarly front running in the US is illegal: https://en.m.wikipedia.org/wiki/Front_running https://en.m.wikipedia.org/wiki/Front_running
  - OscarCunningham 7y ago
    Right. But it matters that they are employees, not just that the information is material and nonpublic.
bobcostas55 7y ago
>There is a category of info called material non public information that is illegal to trade. This is absolutely not true.
- dcl 7y ago
  Depends on the jurisdiction? In Australia, I believe it is illegal.
  - 55555 7y ago
    This article is about the Chicago Mercantile Exchange.
- edoceo 7y ago
  The SEC does not agree with you https://www.sec.gov/fast-answers/answersinsiderhtm.html https://www.sec.gov/fast-answers/answersinsiderhtm.html
  - bobcostas55 7y ago
    >in breach of a fiduciary duty or other relationship of trust and confidence You can trade all you want on material non-public information if you're not an insider (or got your info from one under certain circumstances).
    - edoceo 7y ago
      Like Martha? https://www.thoughtco.com/martha-stewarts-insider-trading-case-1146196 https://www.thoughtco.com/martha-stewarts-insider-trading-ca...

TheCuckedKing 7y ago

It should be illegal to help America. It's to good already. Impeach

Maarten88 7y ago

> For it to be market manipulations, Trump(himself, as mentioned in the article) need to profit from the action, at least Maybe he's just a useful idiot for the real manipulator. Would Trump pick up the phone from a donor who is able to carry out these trades, and be convinced to utter something positive about trade?