Senator dumped up to $1.6M of stock after reassuring public on Covid-19
1–10 of 44 posts
Re: Senator dumped up to $1.6M of stock after reassuring public on Covid-19
#2My guess: regardless of which party wins the presidency in November, there will be as much accountability for this senator and others like him as there was for the George W. Bush administration officials who lied the country into war and implemented a program of torture. That is to say, none whatsoever.
Re: Senator dumped up to $1.6M of stock after reassuring public on Covid-19
#3[Violent suggestion deleted.]
I believe the gentleman's actions should be submitted to the relevant ethics committee.
Harumph.
Re: Senator dumped up to $1.6M of stock after reassuring public on Covid-19
#4Is this not insider trading? He made decisions based on info not available to general public.
Re: Senator dumped up to $1.6M of stock after reassuring public on Covid-19
#5My guess: regardless of which party wins the presidency in November, there will be as much accountability for this senator and others like him as there was for the George W. Bush administration officials who lied the country into war and implemented a program of torture. That is to say, none whatsoever.
Fun fact: AOC and Ted Cruz have cosponsored legislation banning Congress folks from lobbying for life. I’m unaware of the current status, but people still work across the aisle and not all hope is lost. We must push on. This (excellent) reporting by ProPublica is part of that.
Re: Senator dumped up to $1.6M of stock after reassuring public on Covid-19
#6I have submitted an insider trading complaint to the SEC, https://www.sec.gov/tcr
In their list of categories describing the person being reported, Member of Congress is not included.
In their list of categories describing the reporting person, Member of Congress is included.
Huh.
Re: Senator dumped up to $1.6M of stock after reassuring public on Covid-19
#7I have submitted an insider trading complaint to the SEC, https://www.sec.gov/tcr In their list of categories describing the person being reported, Member of Congress is not included. In their list of categories describing the reporting person, Member of Congress is included. Huh.
I believe congress is exempt from insider trading laws.
Edit: looks like I was wrong. Thanks for the links.
Re: Senator dumped up to $1.6M of stock after reassuring public on Covid-19
#8Is this not insider trading? He made decisions based on info not available to general public.
Link to SEC insider trading complaint site https://www.sec.gov/tcr
Re: Senator dumped up to $1.6M of stock after reassuring public on Covid-19
#9I have submitted an insider trading complaint to the SEC, https://www.sec.gov/tcr In their list of categories describing the person being reported, Member of Congress is not included. In their list of categories describing the reporting person, Member of Congress is included. Huh.
I believe congress is exempt from insider trading laws. Edit: looks like I was wrong. Thanks for the links.
I don't think so. Most recently there was a congressman from an east coast state convicted of same or at least similar, as I recall. I might recall incorrectly.
Re: Senator dumped up to $1.6M of stock after reassuring public on Covid-19
#10I have submitted an insider trading complaint to the SEC, https://www.sec.gov/tcr In their list of categories describing the person being reported, Member of Congress is not included. In their list of categories describing the reporting person, Member of Congress is included. Huh.
I believe congress is exempt from insider trading laws. Edit: looks like I was wrong. Thanks for the links.
According to the STOCK Act of 2012 [0], members of Congress are not exempt from insider trading laws.