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If someone "advises" you that a company is about to do something major, and this isn't public information, and you take action on the stock market accordingly, that's insider trading.


US Congress members are generally immune from insider trading laws


By law they’re not protected at all since 2012. But SEC curiously seems to ignore them, and congresspeople are experts in exercising loopholes in SEC regulations.

https://en.wikipedia.org/wiki/STOCK_Act

For instance, Pelosi in the Databricks case gets to purchase significant shares at pre-IPO prices, which is a thing that shouldn't even exist.




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