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DetlefK

(16,423 posts) Sat Dec 17, 2016, 08:09 AM Dec 2016

Re Trump: Would this count as insider-trading?

Scenario:
1. President Trump bashes a company on Twitter.
2. Stock of the company goes down.
3. Somebody affiliated with Trump buys.
4. Stock reverts to normal.
5. This somebody affiliated with Trump sells.
6. Profit.

Is that insider-trading?

Always remember: They got Al Capone for tax-evasion...

4 replies

= new reply since forum marked as read

Highlight:

Re Trump: Would this count as insider-trading? (Original Post) DetlefK Dec 2016 OP

If 5 comes before 1 HoneyBadger Dec 2016 #1

Expanding on the previous post... Thor_MN Dec 2016 #2

No, it is not dems_rightnow Dec 2016 #3

Difference is madokie Dec 2016 #4

HoneyBadger

(2,297 posts)

1. If 5 comes before 1

Reply to DetlefK (Original post)

Sat Dec 17, 2016, 08:13 AM

Dec 2016

Could be, else no.

Thor_MN

(11,843 posts)

2. Expanding on the previous post...

Reply to DetlefK (Original post)

Sat Dec 17, 2016, 09:36 AM

Dec 2016

If someone shorts the stock before Trump bashes them, that could be illegal. It's the knowing ahead of time that is the illegal part. Investing in a company before Trump praises a company could also be illegal.

But buying a distressed stock and profiting off a recovery is something that anyone can do with public knowledge.

dems_rightnow

(1,956 posts)

3. No, it is not

Reply to DetlefK (Original post)

Sat Dec 17, 2016, 10:35 AM

Dec 2016

It could be illegal, if Trump is doing it so someone can profit.

But it's not insider trading.

madokie

(51,076 posts)

4. Difference is

Reply to DetlefK (Original post)

Sat Dec 17, 2016, 10:37 AM

Dec 2016

tRump will be white house resident though

Like nixon said it ain't against the law if the president does it or some such shit.

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