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I think it's mostly a joke, the original post is from Reddit r/WallStreetBets. But regarding Air Traffic controllers, it appears they are barred from owning ai
by judge2020 3y ago
I think it's mostly a joke, the original post is from Reddit r/WallStreetBets.
But regarding Air Traffic controllers, it appears they are barred from owning airline stock https://www.law.cornell.edu/cfr/text/5/6001.104 https://www.law.cornell.edu/cfr/text/5/6001.104 (b)
- dataflow 3y agoThat sounds like it's not really about insider trading but rather about quality of service and avoiding perverse incentives? So different entities don't get different treatment by ATC. In particular note that the requirement is about lacking financial interests at all, not merely about avoiding trading.
- pfdietz 3y agoI more hope they're barred from shorting airline stock. :)
- HWR_14 3y agoThey're barred from trading anything the SEC regulates (including options and shorted stock) with regards to airline, airplane manufacturer or airplane part manufacturer stocks. There is an exception allowing them to indirectly own them (like through mutual/index funds).
- SilasX 3y ago“But I did even better than owning zero airline stock. I own a negative amount!”
- SV_BubbleTime 3y agoI would love to see congressional members and their families banned from the same. It’s a big ask though. Where do you draw the line? So either that, or I can get Pelosi ETF.