All controversial trades by Senators in the 2020 Congressional insider trading

Re:All controversial trades by Senators in the 2020 Congress... by hartator on Saturday June 05, 2021 @02:23PM (#27407397)

The thing they will decide policies that will influence markets. So it’s material and non-public if they make trades before an announcement.

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Re:All controversial trades by Senators in the 2020 Congress... by kortilla on Saturday June 05, 2021 @03:18PM (#27407782)

Nope. That’s not enough.

This happens many times a year with company buyouts where many shares are accumulated first, then a buyout is announced, which boosts the share price further.

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Re:All controversial trades by Senators in the 2020 Congress... by hartator on Sunday June 06, 2021 @01:41PM (#27414773)

> This happens many times a year with company buyouts where many shares are accumulated first, then a buyout is announced, which boosts the share price further.

That doesn't make it more ethical.

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Re:All controversial trades by Senators in the 2020 Congress... by kortilla on Saturday June 12, 2021 @02:04AM (#27481988)

I don’t think you’ve thought that through. This is how it works for everyone who promotes something they have a vested interest in.

Professors who promote their own research programs. Surgeons who come up with new techniques, etc.

There is nothing wrong with coming out and saying, “we really like this company so we bought 5% of the shares and intend to take it fully private at $X/share” if the rest of the share holders are interested.

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