4 ms·
Don't forget you can do it when you're an elected representative too!
by alan-hn 2y ago
Don't forget you can do it when you're an elected representative too!
- zooq_ai 2y agoExcept in very rare cases, congress people have no non-public material information. Nancy Pelosi has as much clue as you about NVDAs prospects. Nancy makes more money than an average HN reader because she isn't too smart to worry about small risks that HN reader gets tripped up. Every one knew about Covid coming. Worse, people who sold off during covid are worse off than the ones who just held it.
- fshbbdssbbgdd 2y agoIndeed, everyone believes congresspeople have some special exception to insider trading rules. In fact, they are subject to the same insider trading rules as everyone else, and the conduct they engage in simply doesn’t meet the (unintuitive) legal definition of insider trading. Some efforts to impose a different, more expansive definition on congresspeople have failed, which might be the source of that misconception.