That senators could not sell stock as the virus became a threat is preposterous. I seriously doubt this law applies.
A LOT of you are jumping to throw GOP senators out and flip the Senate.
They SOLD something they owned. They didn’t receive a penny of “compensation”.
They didn’t need inside information to make this decision.
This is silliness. They receive “private briefings” all the time, and they are allowed to sell stock.
If you want to make it illegal for senators to have investments, do that.
You are incorrect on this.
What they knew about was President Trump’s planned state of emergency declaration and how it would be implemented.
They traded on that knowledge - strategically in some cases. Sold stocks that would get hurt, kept stocks that would not get hurt and bought stocks that would prosper.
Martha Stewart spent two years in prison tor a bogus insider trading violation manufactured by the DOJ
Insider trading is when critical information about a corporation affecting its stock value is about to be made and is withheld from the public view then released after executing a stock sale or purchase.It didn’t happen here. If any of the critics here were an elected somebody.In that position after learning in a public discussion they could lose big money and they’re expected to do so because they are an elected somebody, is expecting a bit too much.