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Nancy Pelosi's Husband Sold a Boatload of Nvidia Stock Right Before It Was Eviscerated by Chinese Startup (futurism.com)

submitted 1 week ago by yogthos@lemmy.ml to c/usa@lemmy.ml

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[–] originalucifer@moist.catsweat.com 29 points 1 week ago (1 children)

this isnt news. insider trading is completely legal if you work for or are related to a congressperson.

[–] leisesprecher@feddit.org 5 points 1 week ago (4 children)

Legal or not enforced?

[–] originalucifer@moist.catsweat.com 14 points 1 week ago

100% legal. they carved out exemptions specifically for themselves, and forced a 30 day delay on normal humans from knowing what they purchase/sell. in writing.

[–] mctoasterson@reddthat.com 4 points 1 week ago

Legal in that there isn't a specific law against it. Several Reps and Senators at various times have proposed a ban on Congresspeople trading individual stocks (presumably they could still have index funds, mutual funds etc.) but shockingly enough those measures didn't pass.

[–] sibachian@lemmy.ml 4 points 1 week ago

legal corruption. the US probably has an official stamp for this shit.