With the indictment of Rep. Chris Collins on charges of insider trading, it may be helpful to understand what it is, and why it matters to you.
In The News
Before trading in Innate’s stock had been halted, someone had started selling off their shares. The unusual trading activity “suggests that somebody with knowledge of the results was front-running the announcement,”
The allegations against Collins include tipping off his son and others, who saved hundreds of thousands of dollars by dumping their shares. Ogorek says the feds don’t indict people over minor securities law violations.
“But you have to look at rates relative to inflation, and the rates that you’re receiving at the bank right now are truly nothing to write home about,” Ogorek said.
“This case goes to the heart of our capital markets,” Ogorek said. “If investors see stuff like this, they can think the game is rigged. And if the game is rigged, who wants to play?”
Rates on CDs are better than they have been in a while, a ripple effect of the Federal Reserve boosting interest rates. So is this a good time to lock in a rate on a CD?
If you haven’t looked closely at your target fund in five or more years, you may be surprised by what the allocation is today relative to when you first put money in
“I don’t understand why the state is standing in our way and limiting our choice, it just doesn’t make a lot of sense,”
Should we experience another deep recession, the government will be hard pressed due to dangerously high debt levels.