jeffw@lemmy.world to politics @lemmy.world · 5 months agoNancy Pelosi did what she’s always donewww.motherjones.comexternal-linkmessage-square44fedilinkarrow-up196arrow-down18
arrow-up188arrow-down1external-linkNancy Pelosi did what she’s always donewww.motherjones.comjeffw@lemmy.world to politics @lemmy.world · 5 months agomessage-square44fedilink
minus-squareBrianTheeBiscuiteer@lemmy.worldlinkfedilinkarrow-up5·5 months agoThe number of people trading with insider information also isn’t a deciding factor in whether it’s illegal. Here’s at least one case that’s pretty clear cut I feel, so it does happen - https://www.politico.com/news/2024/07/10/democrats-mike-garcia-boeing-stock-00167225 If they’re going to say this is a tough rule to follow they’re already too far gone and as you said most would do better just buying SPY anyway.
The number of people trading with insider information also isn’t a deciding factor in whether it’s illegal.
Here’s at least one case that’s pretty clear cut I feel, so it does happen - https://www.politico.com/news/2024/07/10/democrats-mike-garcia-boeing-stock-00167225
If they’re going to say this is a tough rule to follow they’re already too far gone and as you said most would do better just buying SPY anyway.