Senator Tina Smith's Stock Controversy: Insider Trading Concerns

[+OverSword]

Quote

 

Senator Tina Smith, a Democrat from Minnesota, is under scrutiny for recent financial activities, particularly stock trades that coincide with her role on the Senate Committee on Health. Limited media coverage of these transactions has prompted questions about potential insider trading and conflicts of interest.

On November 8th, Senator Smith invested between $100,000 and $250,000 in Tactile Systems Technology Inc (TCMD:US), a Minnesota-based medical devices company. The stock has since surged by more than 40%, raising concerns about possible influence from insider information. Tactile Systems is a relatively small company with a market capitalization of less than $500 million, adding complexity to the situation.

 

Link

[spartan max2]

They gotta become millionaires somehow 

[+OverSword]

9 minutes ago, spartan max2 said:

They gotta become millionaires somehow 

I checked all the ones from my state and most of them have not made any trades so I will assume they do it through their spouses.   No, I'm not a cynic.  Cool website though.

[Gromdor]

Honestly, I don't see why more people don't follow websites like this and invest accordingly.  I've seen numerous people complaining about losing investment money recently, but then see articles like this where people are getting 40% returns. 

Not that what they are doing is right.  

[+OverSword]

10 minutes ago, Gromdor said:

Honestly, I don't see why more people don't follow websites like this and invest accordingly.  I've seen numerous people complaining about losing investment money recently, but then see articles like this where people are getting 40% returns. 

Not that what they are doing is right.  

I was thinking the same thing.  Watch what the politicians are investing in and follow suit.  They should still be investigated but as the article says

Quote

Despite these concerns, the controversy around Senator Smith's stock trades has received minimal media attention, sparking worries about the media's role in holding elected officials accountable for their financial activities, especially when ethical and legal implications may be at play.

Our alleged fifth column is a joke these days, mainly serving as the propaganda wing of the two big parties.

[Tatetopa]

36 minutes ago, OverSword said:

Watch what the politicians are investing in and follow suit.

Or for the longer term investor, Warren Buffett has been a good model to follow for the last few decades. The only beef I have with him is that when he bought out the company I worked for, I had to sell him all of my company stock.  It was gaining about 20% a year.

[joseraul]

Senator Tina Smith *visibily confused*: "But all of my colleagues do this? wtf?"

[+and-then]

1 hour ago, joseraul said:

Senator Tina Smith *visibily confused*: "But all of my colleagues do this? wtf?"

She'd be like - "Is THAT wrong?" 

[Tatetopa]

Doesn't matter which party, get rid of all the corruption.  If laws don't exist to prevent it now, they should be a bipartisan priority to pass.