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> If your knowledge is privileged an non public, and might reasonably impact share prices either way, yes it is illegal. Unless you’re in the US Congress as th
by prepend 4y ago
> If your knowledge is privileged an non public, and might reasonably impact share prices either way, yes it is illegal.
Unless you’re in the US Congress as there is an exception for their legislative insider info.
- hef19898 4y agoRank and its privileges. It helps if you can make your own rules I guess...
- yjftsjthsd-h 4y agoOkay, so obvious question: Is it legal for random Joe on the street to find out what trades congresspeople are making and mirror them?
- prepend 4y agoIf I remember my minimal insider trading training it’s legal if you aren’t an insider. So the example I remember is if you overhear insiders talking in an elevator and trade, that’s legal. If they tell you, that’s illegal. There are people who mirror the disclosures of trades from Pelosi and others. But by then it’s not possible to realize all the gains.