this post was submitted on 11 Mar 2024
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[–] DogPeePoo@lemm.ee 19 points 1 year ago (3 children)

Please also disallow Congress from trading in the US stock market with their inside information.

[–] sonori@beehaw.org 3 points 1 year ago (1 children)

The problem is it’s typically their families that do the stock trading, and i you can’t extend employment contracts to unrelated parties. Even if you did do it with a law, people will still talk with their friends. This is part of the reason why insider trading is so difficult to prosecute and enforce outside of the blinding obvious.

[–] DogPeePoo@lemm.ee 2 points 1 year ago* (last edited 1 year ago) (1 children)

But I think you have to do it anyway— with the threat of investigation and prosecution for the sharing of insider information.

Right now it’s just tacit approval.

Every 2 years it’s talked about banning trading for them to appease the public, then a long delay, then nothing occurs.

They are robbing retail’s money in plain sight.

[–] sonori@beehaw.org 4 points 1 year ago (1 children)

Ohh no, they should ban it. I just don’t expect it to do anything.

[–] DogPeePoo@lemm.ee 1 points 1 year ago

Yes— thank you. I’m tired of their nonsense. It’s completely unethical.

[–] rigatti@lemmy.world 3 points 1 year ago

Not sure that's part of the budget plan. It would probably have to be a separate law passed by Congress that they definitely would not vote for.

[–] AceTKen@lemmy.ca 2 points 1 year ago

Please also disallow ~~Congress from trading in~~ the ~~US~~ stock market ~~with their inside information~~.

One small adjustment and it's perfect!