Re:Washington Officials Traded Stocks with Exquisite Timing
by Traubenfuchs on Thursday October 20, 2022 @02:50PM
(#33278996)
What would keep them from telling their extended family or close friends the insider information?
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Re:Washington Officials Traded Stocks with Exquisite Timing
by charlieyu1 on Thursday October 20, 2022 @03:41PM
(#33279656)
Inside trading is illegal to begin with. The problem is with prosecutions. That’s why I don’t think more bans will do anything.
Re:Washington Officials Traded Stocks with Exquisite Timing
by nyokodo on Thursday October 20, 2022 @03:09PM
(#33279262)
That’s the same problem as any other kind of insider trading.
Re:Washington Officials Traded Stocks with Exquisite Timing
by Arrath on Thursday October 20, 2022 @04:08PM
(#33280022)
With the added bonus of possibly dipping into classified information.
Re:Washington Officials Traded Stocks with Exquisite Timing
by Supermancho on Thursday October 20, 2022 @03:46PM
(#33279735)
Having the profits owned by another person adds risk from an insider trading scheme. Both risk in terms of information leaking and the "friend or family" simply having control of the money/goods.
This is as good a start at curbing this behavior, as is practical right now.