If Trump knew he was going to do that and told people so that they could buy/sell in a manner that was financially advantageous, that is most certainly insider trading. It may not be what is the most common form or the most commonly prosecuted form, but it is trading based on information others do not have. Having it be protected information may add a layer when it comes to prosecution. I would offer that whether tariffs will be levied or paused is protected information, as well.
Edit: It’s also market manipulation, but they used market manipulation to conduct insider trading.
You make a great point, I completely agree. While the Orange Bumblefuck absolutely engaged in market manipulation, profiting by acting on non-public information is at the heart of insider trading, which I’m certain his accomplices did.
From what I’ve been reading Trump manipulated the market (illegal) and his “friends” were let in on the scheme with “insider” information and then used that information to buy and sell stocks (illegal). What recourse do we have in this situation? Everybody involved is either in a position of power or has enough money to further bankrupt anybody who wasn’t in the know…
If Trump knew he was going to do that and told people so that they could buy/sell in a manner that was financially advantageous, that is most certainly insider trading. It may not be what is the most common form or the most commonly prosecuted form, but it is trading based on information others do not have. Having it be protected information may add a layer when it comes to prosecution. I would offer that whether tariffs will be levied or paused is protected information, as well.
Edit: It’s also market manipulation, but they used market manipulation to conduct insider trading.
You make a great point, I completely agree. While the Orange Bumblefuck absolutely engaged in market manipulation, profiting by acting on non-public information is at the heart of insider trading, which I’m certain his accomplices did.
From what I’ve been reading Trump manipulated the market (illegal) and his “friends” were let in on the scheme with “insider” information and then used that information to buy and sell stocks (illegal). What recourse do we have in this situation? Everybody involved is either in a position of power or has enough money to further bankrupt anybody who wasn’t in the know…
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