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hubskier for: 3915 days
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false_flag · 3912 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.
Smoking, drinking, interwebbing. Like Cumol, this is my first post and I'm a reddit refugee.