FabSwingers.com forum: Insider Trading

By (user no longer on site) OP
over a year ago

No investigation for those US senators who attended a coronavirus briefing on 24 January, walked out and told everyone that coronavirus was no big deal, then proceeded to dump all their stock.

Not only is it insider trading, it's representing their constituents in their worst interests AND costing lives.

But hey, no biggie right?

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By *asyukMan
over a year ago

West London

"No investigation for those US senators who attended a coronavirus briefing on 24 January, walked out and told everyone that coronavirus was no big deal, then proceeded to dump all their stock.

Not only is it insider trading, it's representing their constituents in their worst interests AND costing lives.

But hey, no biggie right?"

Yes. That was interesting. Nobody cares anymore because brazening it out has been normalised by people like Trump and Johnson and Putin.

https://www.bbc.co.uk/news/amp/world-us-canada-51976484

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By *ykmwyldTV/TS
over a year ago

Belpre

Yes, it's ridiculous they can get by with it, but that sort of thing has been going on behind closed doors in government for forever. If you look up the net worth of each senator, each supreme court justice, and each person in the house of representatives, you'll see the results of some of their underhanded dealings that they've done or their families have done before them. You generally don't obtain that kind of wealth by being an honest fair minded person.

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By (user no longer on site) OP
over a year ago

"Yes, it's ridiculous they can get by with it, but that sort of thing has been going on behind closed doors in government for forever. If you look up the net worth of each senator, each supreme court justice, and each person in the house of representatives, you'll see the results of some of their underhanded dealings that they've done or their families have done before them. You generally don't obtain that kind of wealth by being an honest fair minded person."

The difference in this case is they held off on preventative measures to keep the stock values up.

How many lives will that end up costing?

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By *mmabluTV/TS
over a year ago

upton wirral

Dealers in shares will make a fortune out of this in time,ssell high then buy low and market goes up twice the profit.

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By (user no longer on site) OP
over a year ago

Senator Kelly Loeffler sold a total of $46,027 worth of stock in an online travel company in the day leading up to President Donald Trump’s announcement of a ban on most European travel to the U.S.

https://www.bloomberg.com/news/articles/2020-04-03/georgia-senator-loeffler-did-quick-dump-of-travel-company-stock

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By (user no longer on site)
over a year ago

"Dealers in shares will make a fortune out of this in time,ssell high then buy low and market goes up twice the profit."

Especially if you have insider information and break the law

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By (user no longer on site) OP
over a year ago

"Dealers in shares will make a fortune out of this in time,ssell high then buy low and market goes up twice the profit.

Especially if you have insider information and break the law

Where is the SEC kicking ass and taking numbers?

Or will Trump fire anyone who investigates them?

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