3 ms·
It's ridiculous that congress gets to wait 45 days but normal citizens get only 10 days. It's bad enough that they can insider trade, even worse that they wait
by aeternum 2y ago
It's ridiculous that congress gets to wait 45 days but normal citizens get only 10 days. It's bad enough that they can insider trade, even worse that they wait longer than regular citizens when it comes to disclosure like this.
It'd be pretty hilarious if Elon simply changes his title to something like C(not E)O and nothing of substance changes. Shareholders would clearly support it if needed.
- ksherlock 2y ago"Normal citizens" don't have to file anything. The 45-day congress filing requirement is part of the STOCK Act (previously it was once per year) and is unrelated to SEC regulations. 13-D and the 10-day filing timeline only applies to beneficial ownership of 5% or more. That would apply to members of congress, if they hit that threshold, which normal people don't.