David Purdue insider trading scandal?

[jon-nyc]

[George K]

I've been told that "insider trading" is not illegal for members of Congress.

If true, it's certainly unethical, and it's certainly not unusual.

[kluurs]

@George-K 291, enacted April 4, 2012) is an Act of Congress designed to combat insider trading. ... The law prohibits the use of non-public information for private profit, including insider trading by members of Congress and other government employees.

[George K]

@kluurs said in David Purdue insider trading scandal?:

@George-K 291, enacted April 4, 2012) is an Act of Congress designed to combat insider trading. ... The law prohibits the use of non-public information for private profit, including insider trading by members of Congress and other government employees.

I was unaware of that law.

https://www.congressionalinstitute.org/2018/08/16/can-members-of-congress-engage-in-insider-trading/

[taiwan_girl]

I thought most of these guys had it in a "blind" investment so they dont know exactly what they have, and what is sold and bought.

If they dont, they should.

As I say in the other thread - it never amazes me how out of touch politicians are.