• disguy_ovahea@lemmy.world
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    6 months ago

    That’s simply not true. They have no exemption to insider trading laws. It simply comes down to trade timing.

    The way the law is written, they could be brought up on charges for a trade performed after gaining knowledge of a pending change in legislation that would affect the value of a stock prior to the legislation being publicly enacted. The SEC just hasn’t charged them.

    What they do is not legal, they just live above the law.