Senator dumped up to $1.6M of stock after reassuring public on Covid-19

Re:Senator dumped up to $1.6M of stock after reassuring publ... by alloutblitz85 on Thursday March 19, 2020 @05:52PM (#22632144)

Is this not insider trading? He made decisions based on info not available to general public.

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Re:Senator dumped up to $1.6M of stock after reassuring publ... by a3n on Thursday March 19, 2020 @06:11PM (#22632291)

Link to SEC insider trading complaint site https://www.sec.gov/tcr

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Re:Senator dumped up to $1.6M of stock after reassuring publ... by smabie on Thursday March 19, 2020 @07:19PM (#22632819)

That's not the definition of insider trading.

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Re:Senator dumped up to $1.6M of stock after reassuring publ... by mulmen on Thursday March 19, 2020 @07:39PM (#22632953)

Ok, I’ll bite. If that is not the definition of insider trading what is?

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Re:Senator dumped up to $1.6M of stock after reassuring publ... by microtherion on Thursday March 19, 2020 @08:01PM (#22633108)

One additional element is that said information is obtained through privileged access (i.e. you acquire it in an official capacity and are expected to keep it confidential; if you overhear a random conversation, the information may not be available to the general public, but you can still trade on it).

Pretty sure Burr's access to the information would qualify under this definition.

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