Pelosi and a lifetime of trading

Post by eganist » Wed, Jul 21, 2021, 4:38 PM UTC

kcdev wrote: post #4

takeda wrote: post #2

Instead of fixating that Pelosi made more than others I think right question is, why someone who actually can impact stock options and also has information not available to the public is allowed to trade?

The STOCK Act is supposed to prevent this. But the same politicians who passed the law and had the media cover it as much as possible, then later quietly passed another that the law would not be enforced.

Post by wyldfire » Wed, Jul 21, 2021, 4:41 PM UTC

Post by atatatat » Wed, Jul 21, 2021, 4:41 PM UTC

eganist wrote: post #12

kcdev wrote: post #4

Earlier quoted context omitted.

The STOCK Act is supposed to prevent this. But the same politicians who passed the law and had the media cover it as much as possible, then later quietly passed another that the law would not be enforced.

Do you have a reference to the specific legal code which includes the amendment? Thanks for coming through on this ask. I'm having a hard time finding it, and it's a point of contention I plan on raising with Virginia legislators if any of them voted in favor.

Post by bassman9000 » Wed, Jul 21, 2021, 4:42 PM UTC

takeda wrote: post #2

Instead of fixating that Pelosi made more than others I think right question is, why someone who actually can impact stock options and also has information not available to the public is allowed to trade?

Post by lotsofpulp » Wed, Jul 21, 2021, 4:43 PM UTC

wyldfire wrote: post #14

Sorry if this is a stupid question - I've only seen options as a compensation mechanism. Can you buy options on the open market just like shares? If not, how do politicians end up with options?