Trump is not an employee of Nvidia or Apple. He didn’t have privileged information about those companies. He just manipulated macroeconomic factors that affected the price of those stocks.
as others have said. it’s both. you don’t have to be an employee, you just need advance access to privileged knowledge that no one else has. an unfair advantage granted to you by proximity to the decision makers who cause the market to react.
if a Senator is on a committee that meets behind closed doors to vote on whether a bill will move forward or die in committee, and he tells his wife to go buy/sell certain stocks (before the vote is publicly announced)… pretty sure most people would call that insider trading.
whether Musktrump alerted their own wealth manager or their private equity and oligarch buddies about the exact timing of certain key decisions which would impact stock valuations or securities, is a matter to be investigated. but it seems pretty fucking likely.
besides, it’s irrelevant what the law defines at this point… no one in the administration will face an inquiry or be held accountable for this.
Insider trading doesn’t exclusively apply to employees of a corporation; if it did, execs would be giving tips about major decisions to their close friends.
The point of regulating this is that trading based on exclusive information that the rest of the market can’t possibly have is unfair and undermines trust in the market. Trump (allegedly) tipped off his allies about a future market-manipulating decision before it was announced to the rest of the market. They made trading decisions based on that exclusive information, and profited off of other traders’ lack of information.
Well its both in this case. Trump is manipulating the market, and his close allies are doing insider trading.
Nvidia and Apple stock both jumped like ~18% a day before the WH announced their tariff exemptions
Trump is not an employee of Nvidia or Apple. He didn’t have privileged information about those companies. He just manipulated macroeconomic factors that affected the price of those stocks.
as others have said. it’s both. you don’t have to be an employee, you just need advance access to privileged knowledge that no one else has. an unfair advantage granted to you by proximity to the decision makers who cause the market to react.
if a Senator is on a committee that meets behind closed doors to vote on whether a bill will move forward or die in committee, and he tells his wife to go buy/sell certain stocks (before the vote is publicly announced)… pretty sure most people would call that insider trading.
whether Musktrump alerted their own wealth manager or their private equity and oligarch buddies about the exact timing of certain key decisions which would impact stock valuations or securities, is a matter to be investigated. but it seems pretty fucking likely.
besides, it’s irrelevant what the law defines at this point… no one in the administration will face an inquiry or be held accountable for this.
Insider trading doesn’t exclusively apply to employees of a corporation; if it did, execs would be giving tips about major decisions to their close friends.
The point of regulating this is that trading based on exclusive information that the rest of the market can’t possibly have is unfair and undermines trust in the market. Trump (allegedly) tipped off his allies about a future market-manipulating decision before it was announced to the rest of the market. They made trading decisions based on that exclusive information, and profited off of other traders’ lack of information.