Comment by ffsm8
5 hours ago
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.