Now sentence yourself to maximum security prison.
this post was submitted on 26 Aug 2024
61 points (100.0% liked)
US News
2032 readers
225 users here now
News from within the empire - From a leftist perspective
founded 5 years ago
MODERATORS
This guy's going places. I'm thinking senate, maybe even governor.
I approve this message!
insider trading is an unspeakable violation of our sacred norms and traditions unless you're a member of congress in which case it's totally fine and normal
Judge James Robart told Business Insider a bank that managed his wife's individual retirement account purchased Boeing stock in April 2023. He said as soon as he learned about it, he had the stocks sold; his financial disclosures said the shares were sold on two dates in May and June.
It's not clear whether Robart's wife made money on the trades overall. Based on the prices that Boeing shares traded at on the days her IRA bought and sold the shares, at least one of the two sales was a money-loser, while the second could have been profitable.
Bro actually reported this to the newspapers, was probably not profiting over the case
Yeah, I admit I got lazy with the title, I apologize for that. What's more interesting to me is the comment of "several millions of dollars' worth in financial assets", which is unsurprising for an oppressor, but still fucks me up
Yeah as much as I'd like to hate on the American justice system this is a nothingburger. My retirement account probably has Boeing in it too considering I set it to buy the S&P 500 and never thought about it again.
You're a federal judge ruling on a Boeing case?
If only. Things would go a little different.
No, my point is that unless you're day trading, chances are you just use an index fund and have virtually no control over what you're investing in.
If the judge has no control, how did he buy and sell the stocks? He (or his wife) was "advised" completely independent of the case he's on?
Pelosi's husband makes a lot of stock moves too.
"No biggie guys! It was my stupid wife just making money accidentally!"