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US man accused of making $1.8m from listening in on wife’s remote work calls
(www.theguardian.com)
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this post was submitted on 23 Feb 2024
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Because she’s liable too. He broke the law and implicated her in a crime.
That also doesn’t have anything to do with working from home. Insider trading based on information you gleaned from your spouse’s or friend’s or mom’s job has been happening for as long as the stock market has been in existence. Would the situation be different if she had been talking about how excited she was about this merger over dinner and he’d acted on that information? The burden is on him to not break the law, but employers will use stuff like this to stupidly argue against working from home.
What’s frustratingly awful about this is that US Senators and Representatives become millionaires doing exactly this, and the SEC doesn’t even blink.
Did he break the law? Yes. Is the SEC a joke and the law used to punish and oppress the proletariat, also yes.
Come on, you can’t expect them not to break little laws like that. The money is right there! Why shouldn’t they just take some? \s