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Fox News:參議員否認疫情爆發前曾進行內幕交易(1)

Source: 恒星英語學習網    2020-03-27   English BBS   Favorite  

There is some growing outrage tonight toward a handful of U.S. Senators who appeared to have sold large amounts of stock before the recent COVID crash and after they were briefed on the potential severity of the pandemic. Charlie Gasparino Senior Correspondent at Fox Business has the story for us. Charlie good to have you here tonight, obviously always difficult to prove insider trading on information what's your take on this situation? You know I have written a book - on it at least one book on it. I have covered it for years. I can tell you this, what they did may look sleazy and bad. But I'm telling you trading off government information are just not part of the insider trading laws that exist today. You know, there is no law. It's just a bunch of court precedence. And those court precedence's essentially cover stealing information from shareholders like earnings reports and, you know, things of that nature. These guys may be guilty of violating the 2012 Stock Act which preventing Congress from using their confidential briefings to trade on but even that act, Martha has a lot of loopholes. 

You could essentially say listen, I was reasonably told by my broker I should sell or I heard similar stuff from a third party as these Senators are doing. So if you want to nail them on insider trading. Good luck. I don't think it's ever gonna happen. There are potentially other laws you can bring against them. They are also saying they are not guilty. I mean clearly, I think Burr was the one who said he - you know I heard some reports on CNBC I think Loeffler, you know Kelly Loeffler said that she was told by her broker do it and she had no control over it. So that's her story. But I'm telling you if you look at insider trading which involves stealing shareholder information and this ain't it. Maybe they have got to change the law to cover these government information to make that insider trading too because the Stock Act which is supposed to stop this sort of stuff, you know, is just too many loopholes in it it's easy to get around. So my guess they may be destroyed in court of public opinion and at the polls, but, they ain't going to jail. Right.


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