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Old 01-31-2012, 10:21 PM
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lisarea lisarea is offline
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Join Date: Jul 2004
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Default Re: Isn't insider trading already illegal for Congress?

Quote:
Originally Posted by LadyShea View Post
Quote:
The easiest solution would be to force them to freeze their trading activities while they serve.
That would be the best solution.
Freezing all stock market trades of any kind would be pretty extreme, and pretty unlikely to happen.

And it turns out the Martha Stewart case might be pretty on point. Apparently her securities fraud charges were thrown out specifically because the prosecution was trying to argue that trading in Imclone was designed to boost stock in her own company, which I figure they were doing to establish her 'insider' status.

Judge Tosses Fraud Charge Against Stewart - TheStreet

Ha ha, you guys accidentally made some relevant points. You all feeling OK? :iceburn:
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Thanks, from:
Fencesitter (01-31-2012), LadyShea (01-31-2012), seebs (01-31-2012), The Man (02-01-2012)
 
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