Nobody Told Trump That The D In D-Day Doesn't Stand For Donald

Nov 2018
3,755
1,839
Inner Space
#33
Insider trading refers to ANY information not available to the general public. If someone working for company X tells you their newest Kanibling Pin Actuator is a failure, doesn't meet standards and won't be coming to market as predicted, and you go out and short their stock a few days before they announce the failure to their investors YOU are now guilty of insider trading. Regardless of what Martha Stewart was convicted of, it all started with a suspiciously fortuitous transaction. Tho, to be honest, I think someone just had a hard on for her and and if not the stock trade, something else would have eventually lead to some sort of conviction.
Here is what a little time on the Internet reveals:
no legal definition of "insider trading"
there is "legal" and "illegal" insider trading


...The insider trading definition that we are concerned about is the buying or selling of a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security. Over the last 10 years, the SEC and the courts have greatly expanded this definition, to include trading by individuals whose “relationship of trust” is so remote as to be non-existent, but that discussion is left for another day. While myself and most other securities attorneys believe that the concepts of insider trading have been expanded beyond all permissible bounds, the law today is that if material information about a company, or about the company’s stock, is obtained in violation of any duty to any person and used to trade, the trader is guilty of insider trading. ...

Insider Trading is Illegal
 
Apr 2013
37,129
25,332
La La Land North
#34
I believe Martha Stewart committed perjury and obstruction of justice and was not charged with abuse of insider information.
That is true, but like Bill Clinton's impeachment, it was an insider trading investigation that got it rolling.
 
Likes: Clara007
Dec 2015
15,938
14,833
Arizona
#36
Insider trading refers to ANY information not available to the general public. If someone working for company X tells you their newest Kanibling Pin Actuator is a failure, doesn't meet standards and won't be coming to market as predicted, and you go out and short their stock a few days before they announce the failure to their investors YOU are now guilty of insider trading. Regardless of what Martha Stewart was convicted of, it all started with a suspiciously fortuitous transaction. Tho, to be honest, I think someone just had a hard on for her and and if not the stock trade, something else would have eventually lead to some sort of conviction.
Stewart lied to authorities.
Definition of lie: What Donald Trump and his supporters do every day.
The problem: No one else is allowed to do that.
 
Mar 2013
9,573
10,285
Middle Tennessee
#37
Why? Other than it is Trump? She has been in office even before Trump's grandfather came from Sweden!

How about simply because HE SAID HE WOULD ??? Of course he said Mexico would pay for the wall and little Kim would make a nuclear deal too !!

How about because every other presidential candidate on the last 40 plus years has done so ??