Re:Pelosi defends stock trading by lawmakers. ‘We are a free...
by umvi on Thursday December 16, 2021 @11:48AM
(#29580275)
Is the law actually enforced though? It seems like every other month we see evidence of congress members selling off a ton of stock mere days before some critical piece of information goes public that makes the stock value drop.
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Re:Pelosi defends stock trading by lawmakers. ‘We are a free...
by dntrkv on Thursday December 16, 2021 @12:18PM
(#29580720)
With 538 members of our government bodies making trades at "random", with typical trading intervals, it doesn't seem so outrageous that a few times a year there will be a trade that looks to be made on insider information.
I'm not saying it never happens, but I think it's difficult to separate "insider trading" from "getting lucky" when you're talking about 538 generally well-off, active traders.
It's like when a CEO offloads stock before it drops and everyone loses their minds. But if you dig in to the story, the CEO is just selling stock on a regular schedule.