Did These Senators Front-Run the Coronavirus Crash?
The COVID-19 pandemic has caused the first bear market in stocks in more than a decade, and the jury's still out on how much lower the stock market could fall. Many investors wish that they could have foreseen the extent of the damage that the coronavirus outbreak would do to the global economy, as they might have taken the opportunity to sell shares near record highs before people appreciated the full extent of the health crisis.
That's exactly what some members of the U.S. Senate apparently did. Thanks to financial disclosure laws, the public knows that these senators made sales of stock before the bear market hit. The question is whether those stock sales were just serendipitous in their timing -- or whether they represented a violation of laws prohibiting financial trading based on nonpublic information.
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Source Fool.com
