I cannot emphasize enough how American companies and markets cannot function if they think exec orders are being issued solely to allow trading in POTUS's separately managed investment accounts
This is the core justification for banning insider trades - corporate CEOs will manipulate announcements
This is the core justification for banning insider trades - corporate CEOs will manipulate announcements
Reposted from
Ann M. Lipton
Truth Social is becoming an investment advisor that will trade on Trump's political announcements.
FYI, politicians who trade or tip based on govt information are, in fact, breaking the law, and also I really want to know how Truth Social will comply with the Investment Advisers Act
FYI, politicians who trade or tip based on govt information are, in fact, breaking the law, and also I really want to know how Truth Social will comply with the Investment Advisers Act
Comments
He could raise unlimited $ (Rule 506), charge insane fees and be exempt under 3(c)(1) (not like SDNY will investigate TMTG, but still). So he could do all of this, without visibility.
the only reason to do it publicly, TMTG does new offering?