Difference between revisions of "Insider trading"
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==Friends in high places== | ==Friends in high places== | ||
Revision as of 21:33, 19 August 2019
Insider trading refers to the buying or selling of a security on the basis of information that is not available to the public. [1]
Friends in high places
Regarding the Clinton Family's trading of commodity futures in 1978 and 1979, Marc Joffe of The Fiscal Times wrote:
"Under the guidance of an attorney representing Tyson Foods, Hillary Clinton made a $98,540 profit from a $1,000 initial investment in less than one year trading commodity futures. While $98,540 may not seem like much money relative to the Clinton family's wealth today, it exceeded Bill and Hillary's combined annual income at the time"..."In Hillary Clinton's case, her $1,000 initial investment was well below the $12,000 deposit required by the Chicago Mercantile Exchange for the first trades she executed. So not only did Hillary make an extraordinary profit for a novice investor, she did so without following the rules applied to less well-connected traders."
