Nigel Farage manipulated the markets during Brexit using insider info.
- Thread starter Cuddles
- Start date
Insider trading laws are only for the stock market. There are several academic papers on how inefficient the FX market was on that night. Anyone who saw the first few results come in and interperated them correctly had several hours to sell sterling before it fell.
https://www.ifs.org.uk/publications/10325
https://www.ifs.org.uk/publications/10325
(((Bloomberg))) is a whiny billionaire propagandist with a thought controlling global media empire yet his Investigative Team is bonkers over "exit polls" being solicited by hedge funds.
What if the polls had been as wrong on the outcome as the elites were wrong?
What if the polls had been as wrong on the outcome as the elites were wrong?
Farage was a commodities trader. He certainly would have used his position that night to make a buck for his friends.
Whether that is illegal or not, the story is fairly old and he has not been charged yet.
Whether that is illegal or not, the story is fairly old and he has not been charged yet.
If what you say is true, the video made it sound the opposite of that (having access to polling data and trading on it being insider info).
Thing is, if I have insider polling data that the public doesn't have access to, and I know that Brexit will happen plunging the pound, and me being a very public figure involved in this fiasco end up saying the opposite, pumping the pound before it dives, should I get in trouble?
I'm not familiar with UK law. Per the video, sounds like there's a law against it.