Comment by FireBeyond
8 hours ago
Meanwhile the President sits in the Oval Office and says, in a televised interview, with absolutely no shame, that all of his kids and family are insider trading, all the time.
8 hours ago
Meanwhile the President sits in the Oval Office and says, in a televised interview, with absolutely no shame, that all of his kids and family are insider trading, all the time.
Meanwhile in Germany insider trading is completely legal for politicians. Well, not insider trading - but it's definition supposedly doesn't extend beyond internal business information.
(At least that's what people keep telling me, im not a lawyer)
Insider trading is it course not legal for politicians in Germany, as you could have found out without being a lawyer. That being said, transparency/reporting duties for members of parliament/ministers can and should definitely be improved.
The point was that the definition of insider trading does not extend to politicians buying/selling from their "insider knowledge" as it's not internal business knowledge. Hence it is legal (in Germany) for politicians to buy/sell right before passing laws which influence the valuation of companies.
Which I may add: you could've easily found out yourself too if you looked up what I wrote.