Congressmen Used Insider Knowledge to Profit from War in Ukraine

Posted by mamama3 on Friday March 11, 2022 @03:09PM
from the themountain.news dept.

( 5 comments | 45 points | on HN )

Re:Congressmen Used Insider Knowledge to Profit from War in ... by atombum on Friday March 11, 2022 @05:46PM (#30647018)

Absolutely blatant. Almost certainly nothing will happen.

Why can the people who make laws and are privy to some of the most private/sensitive information in the world trade on public markets?

Let's just ignore insider trading. At the very least... isn't it an inevitable conflict of interest?!

[ Parent | on HN ]

Re:Congressmen Used Insider Knowledge to Profit from War in ... by sschueller on Friday March 11, 2022 @05:51PM (#30647068)

These people should also be sanctioned and have their assets frozen.

[ Parent | on HN ]

Re:Congressmen Used Insider Knowledge to Profit from War in ... by thyrsus on Saturday March 12, 2022 @02:34AM (#30649699)

There was talk a few weeks ago about restricting such behavior, e.g. https://www.politico.com/news/2022/02/11/democrats-clean-up-... It seems to have dropped out of the news since then.

[ Parent | on HN ]

Re:Congressmen Used Insider Knowledge to Profit from War in ... by evolve2k on Friday March 11, 2022 @05:30PM (#30646849)

There was a service where you could create portfolios that follow congresspeople. What was that again?

[ Parent | on HN ]

Re:Congressmen Used Insider Knowledge to Profit from War in ... by heavenlyblue on Friday March 11, 2022 @06:06PM (#30647228)

Would be great to hear about that! But doesn’t the law contain the 45 days clause? I.e your trades can be very late to the party

[ Parent | on HN ]