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Bywater t1_isu325m wrote

Luck in battle Bub. You got people who have been in office for decades and have grown fantastically rich off this shit. The odds of them doing anything but lip service or some piddly ass 10k fine on millions in trades is long. He would have a better bet trying to get them to have to list all stock trades as they happen, because as soon as you get other people following them the system is likely to breakdown as all trades become insider trades because of corrupt politicians. That is the only thing that would actually force them to stop it.

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TarantinoFan23 t1_isuduxa wrote

No need for any action except to share information. Perfect solution

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Independent-Ruin-185 t1_isuflnm wrote

That's about the long and short of it. Transparency that independent watch dog groups can wade through to find evidence of criminal wrongdoing. In a perfect world we wouldn't need government regulations because watchdog groups plus the free market would do the job for us but c'est la vie..

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appleshit8 t1_isukc2v wrote

As they happen or before they happen? If I invest 1mil then tell everyone I did that because of insider info the price will spike and I can just exit my position with a win

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Bywater t1_isulg1e wrote

As they happen, the trade doesn't count until the information has been released; should also works for when you release.

You are right, it would lead to rapid and nonsensical fluctuations in the market, but it would in turn force them to get off their asses and do something about it as all the trusts and big players continued to take it in the teeth because Nancy or whoever let her husband know the way the wind was blowing or even used her position of power to fan that shit in one direction or the other.

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