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By 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 regulatio
by jjtheblunt 3y ago
By 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.