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That said, a congressperson would usually be aware of Funny boo witch toilet halloween shirt and could structure the trades differently. If, I dunno– let’s create a completely fictitious example that could never happen in real life– a sitting U.S. Senator was married to the goddamned CEO of the NYSE. That person– who again could never exist in real life– might understand how to structure trades in a fashion the SEC wouldn’t prosecute.
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My buddy was convicted of insider trading. He was in the middle of an FBI investigation on an Funny boo witch toilet halloween shirt . They got him on tape talking about it and had people testify against him (he went to trial) but it was close. (The jury said ‘not guilty’ on some charges.) If you see something newsworthy by happenstance and act on it nothing is going to happen to you. (Unless you happen to be in a current FBI investigation and talk extensively about it on the phone to a bunch of people. Although my friend gave me stock tips on recorded calls and I was never charged.