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by tzs
440 days ago
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Or let them trade but with one or both of these restrictions: 1. Make them subject to the Section 16(b) of the Securities and Exchange Act rule against short swing trades by insiders. 2. Their trades must be pre-announced to the public. Allow others to piggyback on those trades. E.g/, if a member of Congress announces they are going to buy 50000 shares of a particular stock in 7 days, other investors can queue buys of that stock to occur at the same time conditioned on the Congress member actually making their pre-announced purchase. |
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