Which is why preferential access to presidential communications is straight up unconstitutional and a violation of the first amendment (equal access to public announcements).
Of course trading firms are going to look for any edge they can. It’ll still be an advantage until (or if) it gets struck down by the courts.
Trump needs to be in jail for like a million things at this point, but these companies should be on the hook for insider trading or something. Pretty sure if a politician came up to you and offered you early info for a price and you made stock trades based on that you’d be held responsible. They need a fine so big it bankrupts them and no other company dreams of doing that again, even if offered.
Which is why preferential access to presidential communications is straight up unconstitutional and a violation of the first amendment (equal access to public announcements).
Of course trading firms are going to look for any edge they can. It’ll still be an advantage until (or if) it gets struck down by the courts.
Trump needs to be in jail for like a million things at this point, but these companies should be on the hook for insider trading or something. Pretty sure if a politician came up to you and offered you early info for a price and you made stock trades based on that you’d be held responsible. They need a fine so big it bankrupts them and no other company dreams of doing that again, even if offered.
When COVID hit the PM of my country got reprimanded for using Facebook live streams to announce changes in policy, and rightly so.
Let’s be honest, his court will never strike this down. Blatantly illegal, just like all the things in this clown show.