We explore what insider trading is, how it generally works, and how common it is.
Congressman Chris Collins says he won't pursue reelection after being indicted, but he denies engaging in insider trading. But the FBI files are detailed, and they show what appears to be a classic case of a board member getting inside information and passing it along to family and friends, before that information becomes public.
So who gets hurt in these situation? And why are members of Congress permitted to sit on such boards? Our guests:
- Amanda Dwyer, attorney with Harris Beach
- George Conboy, chairman of Brighton Securities
