4 ms·

Double blind? Consider e.g. knowledge the Fed is planning on raising interest rates before the public has it. That affects the market as a whole, so they could

Double blind? Consider e.g. knowledge the Fed is planning on raising interest rates before the public has it. That affects the market as a whole, so they could short sp500 and have a leg up on us regular folks. The solution is simple. Being in office (or working for the federal government, or any level government for that matter) is a privilege, not a right. If you want to exercise that privilege, then you should have to give up the right to directly trade any stock/fund. Your broker whom you can't divulge any info to then has the same footing as the rest of us.

giantg2 4y ago
"(or working for the federal government, or any level government for that matter)" I don't think this is right. My small town government isn't going to make any money on trading. Even if we contracted with a company big enough to be public, the contract would be too small to make any impact. Also, most in the military or civilian contractor positions have no real insight into the market moving deals. Nor do they generally have the capital to really take advantage. It's the high level officials and bureaucrats that need to be restricted, not the rank and file.
- foobarian 4y ago
  You could argue the high level officials will find a way around any restrictions anyway, so all you will do is punish the rank and file no matter what.
insanitybit 4y ago
> Double blind? Consider e.g. knowledge the Fed is planning on raising interest rates before the public has it. That affects the market as a whole, so they could short sp500 and have a leg up on us regular folks. No, that's not how that would work. You'd treat it the same way that you do with executives owning stock but having insider knowledge. All of their transfers are done on a schedule and changes to the schedule have to be done in advance.

4 ms·

Double blind? Consider e.g. knowledge the Fed is planning on raising interest rates before the public has it. That affects the market as a whole, so they could

by elromulous 4y ago

giantg2 4y ago
"(or working for the federal government, or any level government for that matter)" I don't think this is right. My small town government isn't going to make any money on trading. Even if we contracted with a company big enough to be public, the contract would be too small to make any impact. Also, most in the military or civilian contractor positions have no real insight into the market moving deals. Nor do they generally have the capital to really take advantage. It's the high level officials and bureaucrats that need to be restricted, not the rank and file.
- foobarian 4y ago
  You could argue the high level officials will find a way around any restrictions anyway, so all you will do is punish the rank and file no matter what.
insanitybit 4y ago
> Double blind? Consider e.g. knowledge the Fed is planning on raising interest rates before the public has it. That affects the market as a whole, so they could short sp500 and have a leg up on us regular folks. No, that's not how that would work. You'd treat it the same way that you do with executives owning stock but having insider knowledge. All of their transfers are done on a schedule and changes to the schedule have to be done in advance.