2 ms·
Kind of a misleading title. The $200 fine is specifically a late fee for filing a report more slowly than the 30-45 day window after a trade is made. The punish
by Rebelgecko 5y ago
Kind of a misleading title. The $200 fine is specifically a late fee for filing a report more slowly than the 30-45 day window after a trade is made. The punishments for insider trading, although I don't think they've ever been handed out since the STOCK Act passed, are much more severe.
- Jimmc414 5y agoThe punishments that have never been handed out are much more severe?
- Rebelgecko 5y agoYeah, potentially decades in prison and millions in fines, vs just $200
- Jimmc414 5y ago"Malinowski has violated the STOCK Act 145 times totaling at least $845,000 in shady stock transactions, according to Business Insider, and now they’re reporting that he’s only paid a $200 fine for his transgressions. But that $200 only covers one STOCK Act violation, per guidance from the House Ethics Committee – and Malinowski has broken the law multiple times." https://www.nrcc.org/2021/12/15/malinowski-will-pay-for-his-stock-act-violations-one-way-or-another/ https://www.nrcc.org/2021/12/15/malinowski-will-pay-for-his-...