2 ms·
It's also generally not allowed, just like you aren't allowed to buy stock in your own company right before a merger agreement you negotiated, or sell shares ri
by RugnirViking 3y ago
It's also generally not allowed, just like you aren't allowed to buy stock in your own company right before a merger agreement you negotiated, or sell shares right before you post quaterly earnings you know will be bad.
Heck look at the scandal (which imo should have been bigger) around congresspeople trading around mask/healthcare/vaccine stocks early in 2020 based on their reports while publicly downplaying risks.
- charcircuit 3y ago>It's also generally not allowed That's because the US government at least hates competition. If people get too good at discovering the value of something those methods become illegal because it isn't fair to those who don't want to actually go after information and just want to read news headlines and earning reports.
- anonymouskimmer 3y agoIf the US government "hated competition" it would nationalize everything. Though maybe you're right. If it really loved competition it would be better at preventing monopolies, would bar patents, and do sundry other things that would guarantee an unregulated (by anyone, not just government) free-for-all.