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by harry8
1544 days ago
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The onus is on a person with privileged information to show that they did not use that information to inform their trades. This is why the CEO can't trade whenever s/he feels like it, for example. "You can't prove I used inside information." To which the attitude is, sure, so what? You had access to it, you traded, get a lawyer. "Sure the CEO told me they were about to be acquired but you can't prove I used that information when I invested a few million in their company." And you really can't prove it yet prosecutions occur. Pelosi and plenty of others have material, non public information. They and their partners trade knowing that material, non-public information. They make rather good returns, better than you. Better than your retirement savings. It STINKS to high heaven. Focus on that part and reforming it. It's not partisan it's not ok if you're an independent. |
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