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On the sell side, you and your spouse are heavily regulated so that neither can hold individual stocks, can’t touch anything where you may possibly have materia
by _sword 5y ago
On the sell side, you and your spouse are heavily regulated so that neither can hold individual stocks, can’t touch anything where you may possibly have material non public info, have mandatory holding periods, and any mutual funds or ETFs must be sufficiently diversified. And that’s only part of the trading regulations and requirements. I can’t even buy a Dow Jones tracking ETF. The fact that Pelosi and the rest of congress can trade ahead of their own decisions is laughably corrupt. Make them have the same kinds of trading requirements a 1st year banker has.
- JumpCrisscross 5y ago> On the sell side, you and your spouse are heavily regulated so that neither can hold individual stocks This is not uniformly true. There are various blackouts and pre-clearance requirements and monitoring. But not every bank bans individual stock trading.
- _sword 5y agoAll of the large investment banks do at this point as far as I am aware. The core point I aim to make, however, is that it’s hilariously unfair that a 22 year old PowerPoint monkey with relatively little knowledge and almost no market influence has infinitely more conflict of interest oversight than members of congress.
- JumpCrisscross 5y ago> infinitely more conflict of interest oversight than members of congress Last I checked, their every trade isn’t made public in an online database.
- _sword 5y agoThat’s a fair point. Banker’s monitored trades and accounts are on record internally and usually tracked by their firm’s surveillance software. Not public though thankfully.