Difference between revisions of "Insider trading"
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| − | Regarding the [[Clinton]] | + | Regarding the [[Clinton]] family's trading of commodity futures in 1978 and 1979, Marc Joffe of The Fiscal Times wrote: |
<blockquote>"Under the guidance of an attorney representing [[Tyson Foods]], [[Hillary Clinton]] made a $98,540 profit from a $1,000 initial investment in less than one year trading commodity futures. While $98,540 may not seem like much money relative to the Clinton family's wealth today, it exceeded Bill and Hillary's combined annual income at the time"..."In Hillary Clinton's case, her $1,000 initial investment was well below the $12,000 deposit required by the Chicago Mercantile Exchange for the first trades she executed. So not only did Hillary make an extraordinary profit for a novice investor, she did so without following the rules applied to less well-connected traders." </blockquote> <ref>https://www.businessinsider.com/clinton-futures-scandal-still-relevant-today-2016-2</ref> | <blockquote>"Under the guidance of an attorney representing [[Tyson Foods]], [[Hillary Clinton]] made a $98,540 profit from a $1,000 initial investment in less than one year trading commodity futures. While $98,540 may not seem like much money relative to the Clinton family's wealth today, it exceeded Bill and Hillary's combined annual income at the time"..."In Hillary Clinton's case, her $1,000 initial investment was well below the $12,000 deposit required by the Chicago Mercantile Exchange for the first trades she executed. So not only did Hillary make an extraordinary profit for a novice investor, she did so without following the rules applied to less well-connected traders." </blockquote> <ref>https://www.businessinsider.com/clinton-futures-scandal-still-relevant-today-2016-2</ref> | ||
Revision as of 21:34, 19 August 2019
Insider trading refers to the buying or selling of a security on the basis of information that is not available to the public. [1]
Friends in high places
Regarding the Clinton family's trading of commodity futures in 1978 and 1979, Marc Joffe of The Fiscal Times wrote:
"Under the guidance of an attorney representing Tyson Foods, Hillary Clinton made a $98,540 profit from a $1,000 initial investment in less than one year trading commodity futures. While $98,540 may not seem like much money relative to the Clinton family's wealth today, it exceeded Bill and Hillary's combined annual income at the time"..."In Hillary Clinton's case, her $1,000 initial investment was well below the $12,000 deposit required by the Chicago Mercantile Exchange for the first trades she executed. So not only did Hillary make an extraordinary profit for a novice investor, she did so without following the rules applied to less well-connected traders."
