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Real estate entrepreneur Grant Cardone has added fuel to the fiery debate around insider trading by lawmakers in Washington. Speaking on VladTV, a source of celebrity interviews and urban news ...
Sometimes a subtitle tells you quite a lot about a book. The one for Peter Schweizer's Throw Them All Out reads: How Politicians and Their Friends Get Rich Off Insider Stock Tips, Land Deals, and ...
Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) based on material, nonpublic information about the company. [1] In various countries, some kinds of trading based on insider information is illegal. The rationale for this prohibition of insider trading differs between countries/regions.
The 2020 congressional insider trading scandal was a political scandal in the United States involving allegations that several members of the United States Senate violated the STOCK Act by selling stock at the start of the COVID-19 pandemic in the United States and just before a stock market crash on February 20, 2020, using knowledge given to them at a closed Senate meeting.
Former President Donald Trump’s social media company was temporarily halted – twice – after a sudden and precipitous plunge on Election Day following a massive surge.
On Friday October 16, 2009, Raj Rajaratnam was arrested by the FBI and accused of conspiring with others in insider trading in several publicly traded companies. U.S. Attorney Preet Bharara put the total profits in the scheme at over $60 million, telling a news conference it was the largest hedge fund insider trading case in United States history.
The Stop Trading on Congressional Knowledge (STOCK) Act of 2012 (Pub. L. 112–105 (text), S. 2038, 126 Stat. 291, enacted April 4, 2012) is an Act of Congress designed to combat insider trading. It was signed into law by President Barack Obama on April 4, 2012. The law prohibits the use of non-public information for private profit, including ...
It's essentially a classic form of insider trading, applied to the rapidly emerging world of crypto. The scams have become so common that the crypto community has given them a name: rug pulls.