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 ramblerman on Friday March 20, 2020 @03:56AM (#22635847)

This seems like a witch hunt for what is a conflict of interest.

Either you have certain roles, i.e. members of congress, that can't hold shares at all. Or you allow them to trade and then only go after very specific insider trades. I.e. at a business to business level.

But going after an individual for "knowing" how the entire economy will move is a stretch imo.

[ Parent | on HN ]

Re:Senator dumped up to $1.6M of stock after reassuring publ... by BoiledCabbage on Friday March 20, 2020 @10:04AM (#22637576)

Or you don't try to frame this as a false choice line you did here - and you prosecute people listening to classified briefings and then immediately illegally trading and benefiting from it.

[ Parent | on HN ]

Re:Senator dumped up to $1.6M of stock after reassuring publ... by anthonypasq on Friday March 20, 2020 @10:12AM (#22637618)

Every company has already figured out policies to avoid accusations of impropriety.

Its a solved problem.

[ Parent | on HN ]