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Re:TikTokers Are Trading Stocks by Copying What Members of C... by lostcolony on Tuesday September 21, 2021 @08:57PM (#28611962)
Yeah, but take the random trades of 435 people and a normal distribution is still going to have a top (and bottom!) outlier. It's certainly reasonable to assume an investment manager (her husband, who is making most of the trades) might be part of the reason to be such an outlier.

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?

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

https://www.youtube.com/watch?v=Nyvxt1svxso

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.