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The insider trading suspicions looming over Trump's presidency

bbc.com

31–40 of 170 posts

Re: The insider trading suspicions looming over Trump's presidency

#31

Given the scope of all government officials it should just be the case that you cannot trade individual equities, stocks or have any outside investments wholesale. Otherwise how could you stop it? It’s not like when you work at big co and you just stop trading their stock. You get access to information that clearly will be material potentially months in advance.

Nit: MNPI (material, non-public information) has strict definitions. Not all internal information are considered MNPI.

Re: The insider trading suspicions looming over Trump's presidency

#32
post #25
post #20

Earlier quoted context omitted.

What were the consequences after 2008 financial crisis?

Nothing Stock market at all time highs Miami houses selling north of $150,000,000.00 No one cares about that crisis anymore The markets keep ripping no matter what Just some hiccups along the way

Well, in order to go up, first it must go down…

Re: The insider trading suspicions looming over Trump's presidency

#34

Earlier quoted context omitted.

My hot take is that the presidential pardon will be eliminated in our lifetime.

I suspect in the aftermath of this administration, the power of the President as a whole is going to be massively stripped back.

That seems highly questionable given how little pushback Trump got in congress, and it was almost entirely along party lines. What makes you think they'll suddenly grow a spine in 3 years?

Re: The insider trading suspicions looming over Trump's presidency

#35

Given the scope of all government officials it should just be the case that you cannot trade individual equities, stocks or have any outside investments wholesale. Otherwise how could you stop it? It’s not like when you work at big co and you just stop trading their stock. You get access to information that clearly will be material potentially months in advance.

Why does making this rule matter? The pardon makes it all irrelevant.

Why do any rules matter for government officials? Should we just make all laws not apply to them because of the pardon?

Re: The insider trading suspicions looming over Trump's presidency

#36

Given the scope of all government officials it should just be the case that you cannot trade individual equities, stocks or have any outside investments wholesale. Otherwise how could you stop it? It’s not like when you work at big co and you just stop trading their stock. You get access to information that clearly will be material potentially months in advance.

How about we start with congress and see how that goes? Been a point of discussion for a long, long time and politicians do not seem to be interested in regulating themselves at all.

Ok, let's make it Congress and everyone working an elected position or political appointment in the executive branch as well. All good!

Re: The insider trading suspicions looming over Trump's presidency

#37

Given the scope of all government officials it should just be the case that you cannot trade individual equities, stocks or have any outside investments wholesale. Otherwise how could you stop it? It’s not like when you work at big co and you just stop trading their stock. You get access to information that clearly will be material potentially months in advance.

My spouse was a minor elected official in california, so we had to fill out form 700. I was already pretty much ready to go on broad based mutual funds, but needing to fill that out for anything that isn't a broad based mutual fund put any thoughts of individual equities out of my mind. (Other than employment based stock, which we reported out of caution, even though my employer had no operations in or near the district)

Re: The insider trading suspicions looming over Trump's presidency

#38
post #20
post #5

Despite the apathy of Americans, I continue to have hope that there will be consequences for all recent and past actions. It's unfortunate that recent events are only the tip of the iceberg, too many to even remember.

What were the consequences after 2008 financial crisis?

Yeah both Bush and Obama ignored those crimes

Re: The insider trading suspicions looming over Trump's presidency

#39

Given the scope of all government officials it should just be the case that you cannot trade individual equities, stocks or have any outside investments wholesale. Otherwise how could you stop it? It’s not like when you work at big co and you just stop trading their stock. You get access to information that clearly will be material potentially months in advance.

The vast majority of government employees would not have access to MNPI.

Re: The insider trading suspicions looming over Trump's presidency

#40
post #18

Earlier quoted context omitted.

I suspect in the aftermath of this administration, the power of the President as a whole is going to be massively stripped back.

I think it'll be interesting to see what the consequences are. In India, it used to be (I haven't lived there in decades) pretty par for the course for a new party to come into power and jail all the previous party's heads for corruption and then when it yoyos over the inverse would happen. That would be a worse outcome for the US, I think. It would stall any significant action from the government.

I think we allowed a sense of decorum and a hope we could just "move on" to avoid that happening in 2021, and now we are suffering the wrath of not doing it. I suspect we will not make the same mistake in 2029.
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