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>For example, just weeks ago highly placed senators were discovered to have conducted insider trading on the back of security briefings on the coronavirus pande
by theferalrobot 6y ago
>For example, just weeks ago highly placed senators were discovered to have conducted insider trading on the back of security briefings on the coronavirus pandemic
What did they know that wasn't already in the public eye? Banks were making their projects just like everyone else and nobody KNEW what was going to happen. Insider trading has a real legal definition, there was nothing in that briefing that could constitute insider trading because there was no information revealed there, just speculation that was already captured by public sources.
- strbean 6y ago> Senators will have the opportunity to hear directly from senior government health officials regarding what we know about the virus so far, and how our country is prepared to respond as the situation develops. So, non-public information regarding what the government response might be, including perhaps advising states to issue shelter-in-place orders that would tank the economy? > there was nothing in that briefing that could constitute insider trading because there was no information revealed there You have a transcript?
- TeMPOraL 6y agoWeren't the accusations also that they profitted off it while downplaying the emergency to the general public?
- deleted 6y ago[deleted]