THE SNUGBUS Archive

You're kidding, right? How does this affect the average Joe?...

I've been CFO of two publicly traded companies and reg FD has teeth. It prohibits an officer of a listed company from providing info to one party before another. I can't call my buddies during a quiet period after a Q ends and before we report earnings and tell them "hey, we're trading at $30 a share now, things look good and you should load up", nor should I be able to.

.gov moves markets with their actions. There is a law against congress critters using intelligence briefings and such to make investment decisions because they get early mover advantage before you and I know what the fuck is going on. Think about it.

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