Solution to US Politicians Insider Trading
X is the solution
When US politicians do insider trading, it is legal, because like what Nancy Pelosi said, “It’s a free market!”
But then when everyone else does it, it’s illegal.
In X, we have “unusual_whales” who tries to level the playing field for everyday men and women. But I have a better solution.
Leveraging technology: X plays a critical role
It is no longer reasonable to expect delays when a US politician does a trade and report it days later.
It should be a law that they have to post their trade on X within 5 minutes of performing their trades or before the market close, whichever is earlier. First failure to do so will incur a charge of 10% of the nominal value of the trade(s) done.
Of course, they may have just placed limit orders that will be executed later and may not necessary be feasible for such “busy people” to tweet about filled trades.
The Brokers must implement trade notification for US Politicians and their Spouses
Make it mandatory for brokers to immediately post filled politician and their spouses’ trades. Failure to do so will also be charged with 10% of nominal value of unposted trades within 5 minutes (a very generous time lag really because it is really NOT difficult to implement it). And each time they failed, the subsequent fine will be 10% more, capped at 50%. Let me tell you, the pain will make them run to implement it.
