To: Kevin in California
Congress passed the Stock Act in 2012, which made it illegal for lawmakers to use inside information for financial benefit, CNN added. Under insider trading laws, prosecutors would need to prove the lawmakers traded based on material non-public information they received in violation of a duty to keep it confidential.I think this was intended for things like spending that could help or damage a company - for example if somebody knows that a certain defense contractor will be awarded a big contract. It has to do with information that directly impacts a specific company IMO. A briefing about COVID-19 doesn't fit that.
4 posted on
03/29/2020 8:54:50 PM PDT by
lasereye
To: lasereye
“It has to do with information that directly impacts a specific company IMO. A briefing about COVID-19 doesn’t fit that”
It sure as hell does. They dumped airline stocks, they dump stocks in dozens of companies from China. They buy stocks in coronavirus medical companies. It’s classic insider trading.
12 posted on
03/29/2020 9:01:28 PM PDT by
DesertRhino
(Dog is man's best friend, and moslems hate dogs. Add that up. ....)
To: lasereye
“.....A briefing about COVID-19 doesn’t fit that.”
.....
We need the transcript in order to say that.
19 posted on
03/29/2020 9:08:49 PM PDT by
redshawk
( I want my red balloon. ( https://youtu.be/V12H2mteniE))
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