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I agree that it's prone to abuse and restrictions are reasonable. But that's different from saying that US senators are abusing insider information to make a ki

by bko 5y ago

I agree that it's prone to abuse and restrictions are reasonable. But that's different from saying that US senators are abusing insider information to make a killing in the market. People are being dishonest when looking at this data and are cherry-picking examples or choosing arbitrary dates for comparison. For instance, they focus on Kelly Loeffler selling CTRX but not buying Discovery around the same time just before a 50% drop in price. If she was trading on insider info, I would imagine she wouldn't buy Discover, a stock that's highly sensitive to consumer loans immediately before a spike in unemployment.

dalbasal 5y ago
Well... this is WSB, not the NYT. They're looking to get in on the action, not prevent it. That said, speculation is all you got. Like conflict of interest, insider trading has to be dealt with "upstream" or not at all. >> If she was trading on insider info, I would imagine she wouldn't buy Discover, a stock that's highly sensitive to consumer loans immediately before a spike in unemployment. Insider trading is not about knowing what the prices will be in advance and trading on everything... counterexamples don't mean much. Travel related trades, in advance of travel restrictions and such are more typical. Even so, not doing a trade means even less then the speculative implications I sorta make.