Insider trading

[zxcvbob]

I didn't see an existing corona virus thread where this fit:  https://www.usatoday.com/story/news/politics/2020/03/19/reports-burr-loeffler-sold-stocks-ahead-coronavirus-marketcrash/2882006001/

[just Warren]

Federal legislators are immune to insider trading charges.

[Fly320s]

Federal legislators are immune to insider trading charges.

False.  Unless you are being snarky.

https://www.bloomberg.com/opinion/articles/2018-08-10/congress-s-guide-to-insider-trading-and-corruption

[Jamisjockey]

Federal legislators are immune to insider trading charges.

Not true.  They just get away with it at an alarming rate.

[makattak]

Why do you think they are all rich? It's isn't all backdoor payments/jobs for their families.

[Jamisjockey]

Why do you think they are all rich? It's isn't all backdoor payments/jobs for their families.

Well, I mean...why not both?

[zxcvbob]

Two more.  Feinstein and Inhofe: https://nypost.com/2020/03/20/richard-burr-kelly-loeffler-urged-to-resign-for-selling-stocks-after-coronavirus-briefing/

[Fly320s]

Two more.  Feinstein and Inhofe: https://nypost.com/2020/03/20/richard-burr-kelly-loeffler-urged-to-resign-for-selling-stocks-after-coronavirus-briefing/

Feinstein has an alibi; her investments are in a blind trust.  Doesn't she she didn't do it, just that she has an alibi.

Once again, the stupid party shows their ignorance.

[dogmush]

Feinstein has an alibi; her investments are in a blind trust.  Doesn't she she didn't do it, just that she has an alibi.

Once again, the stupid party shows their ignorance.

meh...

Feinstein spokesman Tom Mentzer said her husband made the transactions, not the senator herself.

“All of Senator Feinstein’s assets are in a blind trust, as they have been since she came to the Senate,” Mentzer said in an email. “She has no involvement in any of her husband’s financial decisions.”

Are we to assume she does not speak with her husband ever, and he just got lucky?

Will they accept that excuse when Trump Jr.'s trades become public?

[MechAg94]

Feinstein has an alibi; her investments are in a blind trust.  Doesn't she she didn't do it, just that she has an alibi.

Once again, the stupid party shows their ignorance.

Of course, that doesn't mean she didn't pass info on to sell, just that she doesn't directly manage the portfolio.  Maybe she tells her Chinese driver who then passes it on.  Mabye we should be looking at her phone records.

I don't think this falls in the "stupid party" slot, just stupid politician.  

[brimic]

I don’t think it’s insider trading at all.
I was warning people here mid February to get out of the market, before it crashed.
The information was out there for anyone willing to look for it.

http://www.armedpolitesociety.com/index.php?topic=61872.0

[Fly320s]

I don’t think it’s insider trading at all.
I was warning people here mid February to get out of the market, before it crashed.
The information was out there for anyone willing to look for it.

http://www.armedpolitesociety.com/index.php?topic=61872.0

They sold their stocks on Feb 4th, after a classified briefing on the China Flu.

[BobR]

They sold their stocks on Feb 4th, after a classified briefing on the China Flu.

And at least one of them dumped some money into companies that make tele-work software. Just lucky, I don't think so.


bob

[kgbsquirrel]

I don’t think it’s insider trading at all.
I was warning people here mid February to get out of the market, before it crashed.
The information was out there for anyone willing to look for it.

http://www.armedpolitesociety.com/index.php?topic=61872.0

 

[Jamisjockey]

They sold their stocks on Feb 4th, after a classified briefing on the China Flu.

This right here.

The truth is, the rest of congress is just mad he got caught.

[brimic]

https://www.facebook.com/1489135144/posts/10221395922636057/?d=n
From my Feb 8th facefart post

Direct link- senator Tom Cotton’s speech on coronavirus on 1/30.
https://twitter.com/mithricastle/status/1225930889793867777?s=21

I had sold all of my equities off within days of that post, with exception of 401K, which I waited until the very beginning of the crash.
I also bout a massive amount of puts on an S&P index etf.
I made most of these moves before Burr did.

Does this make me an inside trader?
The knowledge was public, everyone who was paying attention knew the *expletive deleted*it was hitting the fan in China.
If this information was classified. I don’t think there would have been megathreads about it in 4chan, let alone twitter.

[Jamisjockey]

https://www.facebook.com/1489135144/posts/10221395922636057/?d=n
From my Feb 8th facefart post

Direct link- senator Tom Cotton’s speech on coronavirus on 1/30.
https://twitter.com/mithricastle/status/1225930889793867777?s=21

I had sold all of my equities off within days of that post, with exception of 401K, which I waited until the very beginning of the crash.
I also bout a massive amount of puts on an S&P index etf.
I made most of these moves before Burr did.

Does this make me an inside trader?
The knowledge was public, everyone who was paying attention knew the *expletive deleted*it was hitting the fan in China.
If this information was classified. I don’t think there would have been megathreads about it in 4chan, let alone twitter.

He likely got information in the briefing that the public didn't have at the time.  Period.  Intel on China especially.