6 ms·
What do you mean by "immediate family"? That usually means spouse, parents, children, and siblings. Sometimes also grandparents and grandchildren. If you mean
by tzs 3y ago
What do you mean by "immediate family"? That usually means spouse, parents, children, and siblings. Sometimes also grandparents and grandchildren.
If you mean something like that then your proposal seems overly restrictive. I don't see any point in say the USGS not being able to hire a seismologist they want to hire because the seismologist can't convince his brother to sell his Microsoft stock and his adult daughter to get rid of her Apple stock. Nothing that seismologist would be able to working at USGS is going to influence those stocks, nor is his work going to provide him with any inside information.
- dmckeon 3y agoOkay, make that spouse instead, because spousal immunity. Also, make the funds' holdings temporarily blind: a fund does not reveal the entirety of the holdings in its portfolio until 5 years after year-end, and waits 3 months after the closing of a position to reveal that it held XYZ, Inc. during a 37 month period. The idea is not to try to exactly match "the economy" with "the market" or even with "the funds" but to disincentivize politicians making any direct connection between their work and with individual equities, while still being able to benefit from general economic growth.