On: Everything everywhere is securities fraud

[JaimeThompson]

There have been some rather weird price moves in some stocks relating to various congressional committees apparently tipping off people before the info was publicly released.

While I can't find it right now I recall studies that showed that the typical return on a Senator's investments was at least 11% greater than would be expected which is a data point to take into consideration.

I do agree it is all very interesting and will read more of his works when I have time.

[spoonie → JaimeThompson]

Wasn’t this specifically made illegal back in 2012? https://en.m.wikipedia.org/wiki/STOCK_Act

[IAmEveryone → JaimeThompson]

So... Congressmen are paying lobbyists to lobby... congress?

[inscionent → IAmEveryone]

More, congress and their friends like to make side money.

[ksdale → JaimeThompson]

That's an excellent example! Thank you.