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If the information in the story is accurate; and the trade was in fact based on inside information, then someone just committed a major crime. Of course, the li
by gallerytungsten 15y ago
If the information in the story is accurate; and the trade was in fact based on inside information, then someone just committed a major crime. Of course, the likelihood that the SEC or any other authority will take action, let alone prosecute, is precisely zero.
- dantheman 15y agoInsider trading laws don't apply to members of congress, also they don't have to worry about conflict of interest. It's not amazing that they have better returns than most.