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false_flag · 3700 days ago · link · · parent · post: Researchers found that SEC employees systematically beat the market by making sales within weeks of costly enforcement actions by the agency.
This seems like a catch-22 situation. In order to prevent any conflict of interest they force "insider trading."Nester explained that before staff can work on an issue that involves a company, they have to sell any holdings of stock in that firm. As a result, he said, there shouldn't be any surprise that a sale would precede the announcement of an enforcement action.
This is very interesting. They sort of remind me of Bond movie intros.
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