4 ms·
I would have more faith in SEC trying to protect the “integrity of the market” when they pursue all the Congressman and their family cronies actively using insi
by mercy_dude 4y ago
I would have more faith in SEC trying to protect the “integrity of the market” when they pursue all the Congressman and their family cronies actively using insider information to trade.
- uup 4y agoThat’s legal so I’m not sure what the SEC can do about that.
- qbasic_forever 4y agoIt's legal, that's the sad thing and why there is no action against it until congress takes action to make it illegal. Yes there is a massive conflict of interest there.
- mercy_dude 4y agoNot sure what part of insider trading is legal [1] [1] https://www.businessinsider.com/congress-stock-act-violations-senate-house-trading-2021-9#rep-mikie-sherrill-a-democrat-from-new-jersey-20 https://www.businessinsider.com/congress-stock-act-violation...
- jjtheblunt 4y agoI think https://www.congress.gov/bill/117th-congress/house-bill/2655 https://www.congress.gov/bill/117th-congress/house-bill/2655 is currently aimed at this problem.