Insider trading by esteemed member of congress
- Thread starter zdreg
- Start date
VISA in 2008. Nice little quid pro quo. Made $20 per share in two days.
So 75% GOP. Let's add Chris Collins in there. You may remember him as he's serving 26 months.
lol he had a 2K allocation and made $100K. Jesus, I had an allocation to V via BSC.
Quite a different story to sell millions of dollars in shares while you're trumpeting the mkt publicly (BURR, LOEFFLER).
Dude, you're had. You're a cog in a criminal conspiracy.
Interesting topic. Haven’t really read the laws(Canadian anyway) but I always thought insider trading was based off having non public info on a company.
If your a senator with private information on government action plan, what’s the law?
Covid-19 is public info, we all knew about it. Knowing the governments plan to shut everything down if it gets here is a nice to know piece of information.
If your a senator with private information on government action plan, what’s the law?
Covid-19 is public info, we all knew about it. Knowing the governments plan to shut everything down if it gets here is a nice to know piece of information.
Exactly my point. What's the crime here?
He did what all of us would have done to protect his assets. I wish my ass would have moved my investment to cash sooner.
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The Stop Trading on Congressional Knowledge (STOCK) Act (Pub.L. 112–105, S. 2038, 126 Stat. 291, enacted April 4, 2012) is an Act of Congress designed to combat insider trading. It was signed into law by President Barack Obama on April 4, 2012. The bill prohibits the use of non-public information for private profit, including insider trading by members of Congress and other government employees.
Well that’s pretty straight forward. They all screwed up it seems.
Appears no profits were made. They just didn't lose.