At 9.50pm AEDT yesterday, there was a sudden spike in trading on the oil and S&P 500 futures market.
6.50am New York time is an unusual time for a rush on trades on West Texas Intermediate May futures.
But it showed that all of a sudden, a substantial sum of money was bet on oil prices dropping and the stock market rising.
And it has gotta be pretty obvious which trades are likely insider trading. So SEC could likely trivially prosecute them - and I assume it is blatantly illegal.
But I assume that Trump has also corrupted the SEC.
Every single one of those trades is, by law, tied to a name, US address, and Tax ID Number, and tracked on a massive system called CAT/CAIS.
The SEC absolutely has that info.
The most they will do is a slap on the wrist, such that it’s really only a cost of doing business
You are correct. Under the latest Trump administration the SEC has been focused on deregulation.
The Biden administration had already been allowing p2p crypto under the Howey test. So literally everything Trump has deregulated is scams and insider trading.