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103 sats \ 4 replies \ @freetx 22 Apr \ on: Corruption in Trump admin - massive inside trading, minutes before announcements news

I think Trump is scammy and a liar.

But, I'm not particularly in favor of these "insider trader laws". How else should new information propagate itself to markets?

Information is asymmetrical and there will always be those who have more than you....caveat emptor

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219 sats \ 3 replies \ @optimism 22 Apr
How else should new information propagate itself to markets?

By releasing the information without putting bets on it to enrich yourself?

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71 sats \ 0 replies \ @Bell_curve 22 Apr

Nancy Pelosi has made hundreds of millions from insider trading. OP has missed the most obvious and shameless example

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82 sats \ 1 reply \ @freetx 22 Apr

Where does the line get drawn? You are friends with someone who works at BigCorp XYZ.

He tells you they are collapsing and new massive lawsuit is pending....you dump. Should you go to jail?

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18 sats \ 0 replies \ @optimism 22 Apr

I think that the moment that you are being entrusted with insider information that you're an insider, yes.

I don't know if this should be a law, or if someone should go to jail, but noting that it may be a safer option to go to jail than being lynched by your victims.

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