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Almost every other facet of the law rests somewhat on 'common sense' and what 'reasonable people would do' I don't see why the laws couldn't be like that, but
by pwillia7 5y ago
Almost every other facet of the law rests somewhat on 'common sense' and what 'reasonable people would do'
I don't see why the laws couldn't be like that, but I take your point.
- throwaway894345 5y agoWithout getting into abstract legal philosophy, I think we can agree that this is effectively about insider trading (literally we're talking about trading on inside information) and insider trading is notoriously difficult to prosecute. Personally I think it's worth creating a law like our insider trading laws, with big punitive sentences to dissuade congresspeople from taking the risk. But I don't expect it to significantly outperform extant insider trading legislation.