Difference between revisions of "Insider trading"
Jump to navigation
Jump to search
(basic formatting) |
|||
| Line 1: | Line 1: | ||
| − | Insider trading refers to the buying or selling of a security on the basis of information that is not available to the public. <ref>https://www.sec.gov/fast-answers/answersinsiderhtm.html</ref> | + | {{Concept |
| + | |description = Trading for your own benefit with knowledge only few have. | ||
| + | |image = | ||
| + | |image_caption = | ||
| + | |image_credit = | ||
| + | |image_width = | ||
| + | |wikipedia = https://en.wikipedia.org/wiki/Insider_trading | ||
| + | |infogalactic =https://infogalactic.com/info/Insider_trading | ||
| + | |type =criminal | ||
| + | }} | ||
| + | |||
| + | '''Insider trading''' refers to the buying or selling of a security on the basis of information that is not available to the public.<ref>https://www.sec.gov/fast-answers/answersinsiderhtm.html</ref><ref>https://www.investopedia.com/terms/i/insidertrading.asp</ref><ref>https://economictimes.indiatimes.com/definition/insider-trading</ref> | ||
==Friends in high places== | ==Friends in high places== | ||
| + | Regarding the [[Clinton]] family's trading of commodity futures in [[1978]] and 1979, [[Marc Joffe]] of [[The Fiscal Times]] wrote:<ref>https://www.thefiscaltimes.com/Columns/2016/02/02/Why-37-Year-Old-Clinton-Financial-Scandal-Still-Relevant saved at [http://web.archive.org/web/20160203092612/http://www.thefiscaltimes.com/Columns/2016/02/02/Why-37-Year-Old-Clinton-Financial-Scandal-Still-Relevant Archive.org] saved at [https://archive.ph/FT5dO Archive.is]</ref><ref>https://www.businessinsider.com/clinton-futures-scandal-still-relevant-today-2016-2</ref> | ||
| + | <blockquote>"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." </blockquote> | ||
| − | + | {{SMWDocs}} | |
| − | + | ==References== | |
| − | + | {{reflist}} | |
| + | {{stub}} | ||
Revision as of 06:46, 5 August 2021
 Insider trading     | |
|---|---|
| Type | criminal |
| Trading for your own benefit with knowledge only few have. | |
Insider trading refers to the buying or selling of a security on the basis of information that is not available to the public.[1][2][3]
Friends in high places
Regarding the Clinton family's trading of commodity futures in 1978 and 1979, Marc Joffe of The Fiscal Times wrote:[4][5]
"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."
An example
| Page name | Description |
|---|---|
| 9-11/Insider Trading | A mound of evidence points to insider trading. However, the 9/11 Commission decided not to investigate the matter and the SEC destroyed important records. |
Many thanks to our Patrons who cover ~2/3 of our hosting bill. Please join them if you can.
References
- ↑ https://www.sec.gov/fast-answers/answersinsiderhtm.html
- ↑ https://www.investopedia.com/terms/i/insidertrading.asp
- ↑ https://economictimes.indiatimes.com/definition/insider-trading
- ↑ https://www.thefiscaltimes.com/Columns/2016/02/02/Why-37-Year-Old-Clinton-Financial-Scandal-Still-Relevant saved at Archive.org saved at Archive.is
- ↑ https://www.businessinsider.com/clinton-futures-scandal-still-relevant-today-2016-2
