I'm frankly disturbed that this kind of specific trading by people in power is going on at all. Salaried federal employees above a certain level are strongly encouraged to invest only in generic mutual funds to avoid even the appearance of conflict of interest. When I look at the above trades I'm not sure whether anything technically illegal occurred but I'd support making all specific trading illegal to avoid even the appearance of unethical behavior. Higher powers deserve to be held higher standards.
> When I look at the above trades I'm not sure whether anything technically illegal occurred but I'd support making all specific trading illegal to avoid even the appearance of unethical behavior.
That sounds like an excellent idea to me. While in office, can only trade TSP funds, or their rough equivalents outside of TSP. If you wanna sell something that isn't a giant index fund? Do it before you take office.
Then I'd further support that all trading would have to be done via a 10b5-1 plan, with a blackout window of at least 6 months.
I'm frankly disturbed that this kind of specific trading by people in power is going on at all. Salaried federal employees above a certain level are strongly encouraged to invest only in generic mutual funds to avoid even the appearance of conflict of interest. When I look at the above trades I'm not sure whether anything technically illegal occurred but I'd support making all specific trading illegal to avoid even the appearance of unethical behavior. Higher powers deserve to be held higher standards.