7 ms·

Meanwhile in Germany insider trading is completely legal for politicians. Well, not insider trading - but it's definition supposedly doesn't extend beyond inter

• dubbel 1mo ago
  Insider trading is it course not legal for politicians in Germany, as you could have found out without being a lawyer. That being said, transparency/reporting duties for members of parliament/ministers can and should definitely be improved.
  • ffsm8 1mo ago
    The point was that the definition of insider trading does not extend to politicians buying/selling from their "insider knowledge" as it's not internal business knowledge. Hence it is legal (in Germany) for politicians to buy/sell right before passing laws which influence the valuation of companies. Which I may add: you could've easily found out yourself too if you looked up what I wrote.
    • phatfish 1mo ago
      Which laws get passed under complete secrecy that politicians can trade based on? They are usually debated for months/years. Even if something is rushed through fast (like during COVID?) it is public knowledge. The issue in America is the president has more power to act unilaterally (maybe to address his/her own interests, maybe not) than any European politician.
    • lxgr 1mo ago
      > Hence it is legal (in Germany) for politicians to buy/sell right before passing laws which influence the valuation of companies. Are you sure about that? European legal theory for insider trading implicitly covers more cases than the US without needing to explicitly enumerate them as far as I understand (in a nutshell, trading on insider information is illegal regardless of the source or whether any fiduciary duty was breached), and I'd be surprised if this case were not covered.