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Why not just insist on a firewall between themselves and investment decisions? Lots of ways that could be implemented. A wealthier congressman could employ a
by pyuser583 7y ago
Why not just insist on a firewall between themselves and investment decisions?
Lots of ways that could be implemented.
A wealthier congressman could employ a firm to manage their money.
On common way to protect against insider trading is to make irrevocable trades fat in advance.
For example, irrevocably say you buy $500 of an index fund every month.
- BonesJustice 7y agoAs someone who worked at investment bank for years, and would have had to go to the trouble of getting preapproval for any individual trades, it was far less troublesome just to rely on managed accounts. So, yeah, just make them use managed accounts.