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A comment on TikTokers Are Trading Stocks by Copying What Members of Congress Do. Parent comment

Re:TikTokers Are Trading Stocks by Copying What Members of C... by ceejayoz on Tuesday September 21, 2021 @07:32PM (#28611349)
Is it legal for Members of Congress to pass tips on, to friends and relatives?
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Re:TikTokers Are Trading Stocks by Copying What Members of C... by frellus on Tuesday September 21, 2021 @07:44PM (#28611435)
Technically, insider trading is defined by anyone trading on or passing non-public knowledge to an "outsider".

So, yes.. if a Congress member passed along material information to someone that they traded on, both should get prosecuted. I'm not sure I've seen it happen to politicians in my lifetime, but totally should.

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Re:TikTokers Are Trading Stocks by Copying What Members of C... by olivermarks on Tuesday September 21, 2021 @07:42PM (#28611410)
The 2012 stock act supposedly stopped this https://www.congressionalinstitute.org/2018/08/16/can-member...

Nancy Pelosi's (net worth $112m) recent financial activities with Emhoff make me very dubious about this.

https://fortune.com/2021/07/08/house-speaker-nancy-pelosi-hu...

etc etc

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Re:TikTokers Are Trading Stocks by Copying What Members of C... by ceejayoz on Tuesday September 21, 2021 @07:48PM (#28611470)
> Nancy Pelosi's (net worth $112m)

Significant portions of that are due to her being married to a venture capitalist and real estate investor.

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Re:TikTokers Are Trading Stocks by Copying What Members of C... by olivermarks on Tuesday September 21, 2021 @07:55PM (#28611525)
They make a great team.

Separately I mixed up Paul Pelosi with Emhoff, Kamala Harris's current husband.

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Re:TikTokers Are Trading Stocks by Copying What Members of C... by uptownfunk on Tuesday September 21, 2021 @07:36PM (#28611371)
not legal but not easily detectable either
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