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It is not illegal for them to trade on their inside information. It is illegal for you to trade on their inside information. So they can send you their stock pi
by a4isms 10mo ago
It is not illegal for them to trade on their inside information. It is illegal for you to trade on their inside information. So they can send you their stock picks list and gloat about their ROI, but if you invest on the basis of the newsletter, you go to jail.
Wilhoit was right about everything: America is in-groups who are protected by the law, but not bound by it. Alongside out-groups who are bound by the law, but not protected by it.
You and I? An out-group. And it although we make a lot of jokes about leopards ripping faces off, MAGA know they're an out-group too, it's just that as long as somebody else is getting it worse, they're fine with that.
- VikingCoder 10mo agoI've seen those empathy circles, where liberals care more about people on the fringe of society, and conservatives care more about people in the middle of society (apologies, if I'm butchering the explanation.) I'm curious, has anyone done schadenfreude circles, where they measure how much people enjoy watching someone else suffer? I mean, of course they have, that's why we have TV shows like Cops and Jerry Springer, right?
- randomtoast 10mo ago> It is not illegal for them to trade on their inside information. It is illegal for you to trade on their inside information. So they can send you their stock picks list and gloat about their ROI, but if you invest on the basis of the newsletter, you go to jail. All the Congress member trades are public. There are even ETFs now that track the Congress member trades. So you can just buy such an ETF and have a one-to-one replication of the Congress member portfolio.
- VikingCoder 10mo agoYes, but delayed by 30 days or more.
- jobs_throwaway 10mo agoYou're wrong on both counts It is illegal for Congress to trade on insider information (it just isn't well enforced) It is NOT illegal to trade based on a list of stocks they bought after the fact. That's not insider information.