alt Hacker NewsThe messed up part is that it's not even technically insider trading as long as they release the same information publicly shortly after... so they're not actually breaking any laws. So much of the way the US government has operated is based on some shared standard of moral sense that the current administration lacks completely.
> it's not even technically insider trading as long as they release the same information publicly shortly after... so they're not actually breaking any laws
No, that’s a canonical example of insider trading: acting on pre-release inside information before it’s made public; it doesn’t matter if it’s days, hours, or even minutes before it goes public.
People have been convicted for executing trades when they saw or handled earnings reports in-person hours before they’re released[1].
[1] https://www.justice.gov/usao-edny/pr/employee-securities-fil...