Re:TikTokers Are Trading Stocks by Copying What Members of C...
by emkoemko on Tuesday September 21, 2021 @11:16PM
(#28612775)
how about people in these positions shouldn't be trading... if i was in power i would think people would assume i am corrupt if i did trade.
Re:TikTokers Are Trading Stocks by Copying What Members of C...
by lostcolony on Wednesday September 22, 2021 @12:10AM
(#28613033)
I mean, I'd be all for politicians having to put any investment money into blind trusts, sure. But that's different than saying they're insider trading.
Re:TikTokers Are Trading Stocks by Copying What Members of C...
by ipaddr on Wednesday September 22, 2021 @01:20AM
(#28613292)
They have insiders knowledge and they are trading on that. It is legal insider trading.
Re:TikTokers Are Trading Stocks by Copying What Members of C...
by danuker on Wednesday September 22, 2021 @05:15AM
(#28614410)
Why is it legal?
Re:TikTokers Are Trading Stocks by Copying What Members of C...
by ceejayoz on Wednesday September 22, 2021 @08:42AM
(#28615644)
It isn't since 2012.
https://en.wikipedia.org/wiki/STOCK_Act
Proving you've done it can be hard, though.
Re:TikTokers Are Trading Stocks by Copying What Members of C...
by qwertyuiop_ on Wednesday September 22, 2021 @08:30AM
(#28615546)
“It’s a big club and you ain’t in it” - George Carlin
Re:TikTokers Are Trading Stocks by Copying What Members of C...
by hanniabu on Tuesday September 21, 2021 @09:38PM
(#28612228)
> why the heck would she have known that? That isn't related to legislation
Who knows, maybe insider info they can trade on is a form of bribery and getting a congressman's ear.
And even discounting that and looking for shenanigans, well..."she timed buying NFLX almost perfectly" with a purchase a month before it was announced they were going into the video game space; why the heck would she have known that? That isn't related to legislation, that isn't something they would have gone to the government for; that would be a purely business decision by Netflix. How the heck would she know about it?