Husband of Amazon employee sentenced to prison for insider trading Amazon stock

Post by JumpCrisscross » Fri, Jun 11, 2021, 4:32 AM UTC

leephillips wrote: post #59

Stories like this boggle my mind. How do such people think that they are going to get away with this? If I were going to try something like this I would at least make some attempt to obfuscate my activities; trading through proxies, mixing in losing trades, something.

Post by gnopgnip » Fri, Jun 11, 2021, 4:34 AM UTC

nzrf wrote: post #78

lilyball wrote: post #63

Earlier quoted context omitted.

Nancy Pelosi’s story is her husband does the stock trading without her involvement (or even her knowledge prior to her regular reports to Congress about trading activity). If true (and assuming she’s not giving privileged info to her husband), that means no insider trading. Having said that, I really think Congresspeople should be prohibited from trading in individual stocks entirely, and restricted to just investing…

Wish we could see something like that happen, but you are going to need some representatives to vote against their best interest. Kind of like why run off voting will never see the light of day.

Post by sneak » Fri, Jun 11, 2021, 4:36 AM UTC

kaesar14 wrote: post #34

sneak wrote: post #30

Earlier quoted context omitted.

Those private briefings likely did not contain nonpublic information, or especially nonpublic information about specific companies. The pandemic seemed obvious in February; I know dozens (myself included) who bought masks and supplies long before the run on stores, long before even the USG was lying to people telling them not to wear masks (to preserve the supply). The briefings were around then. Were I a gambling ma…

The stock market didn’t start to decline until Mid March so by definition the majority of “betting men” were still not sure the pandemic would have as far reaching of effects they did. It’s highly suspicious that US Congressmen did after getting briefs that were presumably not public information.

Post by ashtonkem » Fri, Jun 11, 2021, 4:36 AM UTC

ocdtrekkie wrote: post #99

analog31 wrote: post #92

Earlier quoted context omitted.

I'd like to see them required to make their portfolios open to the public in real time. That way, the rest of us could invest in an index fund based on congressional investments, and share in their success.

That's heavily assuming Congresspeople are successful at investing. Assuming insider trading is still illegal for Congresspeople, you will have a hard time picking between "people not insider trading, good at picking stocks though", "people not insider trading, bad at picking stocks", "people who are insider trading, and actually good at it", and "people who are insider trading, but still make terrible choices". Good…

Post by marsven_422 » Fri, Jun 11, 2021, 4:45 AM UTC

0_____0 wrote: post #4

Would love to see the same penalties applied to members of congress who used info from private briefings at the start of the coronavirus pandemic to make stock trades. :|