“That fact that it was a drop in the bucket for them makes it that much more outrageous, not less”
I disagree. I get the point that you’re making. That they could have more easily NOT done it. But I would be a lot more ensconced if these people were putting up 50% of their net worth on these bets.
And again, I fully agree that they shouldn’t be able to trade individual stocks. In my past I was a dev at a private wealth management company. While working there I was completely barred from trading individual stocks because it’s possible that I could have come across nonpublic info in the company because they would do internal audits for some entities. It made sense. Congress is an even bigger deal because they literally write the rules of companies that can affect stock prices. I was barred because I could have passively found nonpublic info, but they can actively cause the situations that cause price movement.
