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US Congress members are generally immune from insider trading laws
by science4sail 3y ago
US Congress members are generally immune from insider trading laws
- jjtheblunt 3y agoBy law they’re not protected at all since 2012. But SEC curiously seems to ignore them, and congresspeople are experts in exercising loopholes in SEC regulations. https://en.wikipedia.org/wiki/STOCK_Act https://en.wikipedia.org/wiki/STOCK_Act For instance, Pelosi in the Databricks case gets to purchase significant shares at pre-IPO prices, which is a thing that shouldn't even exist.