Trump's new disclosure reveals over 1,100 securities transactions in July, sparking a fresh call from Sen. Warren for a ban on presidential stock trading.
“Insider Trading” is illegal, just never enforced.
IDK whether what Trump is doing meets the definition of “insider” trading because the law is intended to prevent CEO’s and managers trading on the strength of pre-release financial information.
However, like a great many of the behaviors of this administration, no one ever really thought of making it illegal in the past for two reasons. Firstly presidents have always had respect for the office, some less so than others but they were all somehow aware of their duty to fit and proper conduct. Secondly everyone assumed that if a president were to very unashamedly enrich themselves through the office, they would be removed from office.
Narrator: sadly however, the people of America were mistaken
“Insider Trading” is illegal, just never enforced.
IDK whether what Trump is doing meets the definition of “insider” trading because the law is intended to prevent CEO’s and managers trading on the strength of pre-release financial information.
However, like a great many of the behaviors of this administration, no one ever really thought of making it illegal in the past for two reasons. Firstly presidents have always had respect for the office, some less so than others but they were all somehow aware of their duty to fit and proper conduct. Secondly everyone assumed that if a president were to very unashamedly enrich themselves through the office, they would be removed from office.
Narrator: sadly however, the people of America were mistaken