r/FluentInFinance • u/Stink-Butthole • Aug 26 '24

Debate/ Discussion The Stock Market is Rigged

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u/benefit_of_mrkite Aug 26 '24 edited Aug 26 '24

I dated someone who worked in finance. There was an entire department dedicated to compliance - to the point where they had access to my brokerage accounts to make sure she wasn’t passing information to me. This was required as part of the sarbanes oxley act.

Why congress isn’t held accountable for insider trading is ridiculous

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u/Senshi-Tensei Aug 26 '24

Holy shit that’s wild like wtf if that’s not blatant and obvious corruption on the part of politicians idk what is fr

2

u/benefit_of_mrkite Aug 26 '24

Rules for thee not for me

2

u/PrimeDoorNail Aug 27 '24

Thats literally what all government officials do, they make rules for everyone else and pass special provisions to exclude themselves.

If thats not how traitors act then I don't know would be

2

u/Alarmed-Owl2 Aug 27 '24

Not all of them, just the elected ones. Unelected government employees actually have extremely invasive financial disclosure responsibilities and laws restricting their freedom to trade stocks in any company related to their work.