trade_or_bust2023 t1_j9mt2s6 wrote on February 23, 2023 at 2:24 AM

Reply to comment by iPigman in The SEC is going to track EVERY stock trade by postonrddt

yeah they are probably going after money laundering. Just seems like it would be very costly and data intensive without enough benefit to be worth it but since its the government they don't really need to make profit. Imagine if they did the same thing for all bank transactions

trade_or_bust2023 t1_j9mse1k wrote on February 23, 2023 at 2:19 AM

Reply to comment by [deleted] in The SEC is going to track EVERY stock trade by postonrddt

no there isn't its just that they seem to get away with it more. There are some members who have been indicted on insider trading. There's a 2012 stock act that purposefully targets members of congress to not trade on insider info even though insider trading was illegal already.

trade_or_bust2023 t1_j9j9x84 wrote on February 22, 2023 at 11:05 AM

Reply to The SEC is going to track EVERY stock trade by postonrddt

surprised they aren't doing this already but this seems like a class action lawsuit waiting to happen. Great way to bust congresspeople on insider trading though.