- DogPeePoo ( @DogPeePoo@lemm.ee ) English13•7 months ago
Please also disallow Congress from trading in the US stock market with their inside information.
- Sonori ( @sonori@beehaw.org ) English3•7 months ago
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 ( @DogPeePoo@lemm.ee ) English2•7 months ago
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 ( @sonori@beehaw.org ) English4•7 months ago
Ohh no, they should ban it. I just don’t expect it to do anything.
- DogPeePoo ( @DogPeePoo@lemm.ee ) English1•7 months ago
Yes— thank you. I’m tired of their nonsense. It’s completely unethical.
- Ace T'Ken ( @AceTKen@lemmy.ca ) English2•7 months ago
Please also disallow
Congress from trading intheUSstock marketwith their inside information.One small adjustment and it’s perfect!
- Cyborganism ( @cyborganism@lemmy.ca ) English6•7 months ago
It’s about time. Hopefully Canada will follow. We’ve about had it with high inflation, high rents and properties, and low wages, while near-monopolies gouge us. Monopolies that are getting tons of tax payer funded subsidies.
All while our social safety net and infrastructure is crumbling under decades of cuts and austerity measures.
- Rentlar ( @Rentlar@lemmy.ca ) English1•7 months ago
Impressive! Watch this get watered down 4 times before it actually passes…