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.

    • 8oow3291d@feddit.dk
      0·
      3 months ago

      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.

      • Throbbing_banjo@lemmy.dbzer0.comEnglish
        01·
        3 months ago

        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.