Insider trading

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Concept.png Insider trading  InfogalacticRdf-entity.pngRdf-icon.png
Typecriminal
Trading for your own benefit with knowledge only few have.

Insider trading refers to the buying or selling of a security on the basis of information that is not available to the public.[1][2][3]

Friends in high places

Regarding the Clinton family's trading of commodity futures in 1978 and 1979, Marc Joffe of The Fiscal Times wrote:[4][5]

"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."


 

An example

Page nameDescription
9-11/Insider TradingA mound of evidence points to insider trading. However, the 9/11 Commission decided not to investigate the matter and the SEC destroyed important records.


References


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