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.
Comment on Biden’s Budget Calls for Tax Increases on Corporations and the Wealthy
DogPeePoo@lemm.ee 3 months ago
Please also disallow Congress from trading in the US stock market with their inside information.
sonori@beehaw.org 3 months ago
DogPeePoo@lemm.ee 3 months ago
But I think you have to do it anyway— with the threat of investigation and prosecution for the sharing if insider information.
Right now it’s 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 3 months ago
Ohh no, they should ban it. I just don’t expect it to do anything.
DogPeePoo@lemm.ee 3 months ago
Yes— thank you. I’m tired of their nonsense. It’s completely unethical.
AceTKen@lemmy.ca 3 months ago
Please also disallow
Congress from trading intheUSstock marketwith their inside information.One small adjustment and it’s perfect!
rigatti@lemmy.world 3 months 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.