Question

Responding to news that Democrats would soon release the framework for a long-awaited stock pan proposal, Fisher said on CNBC's Squawk Box: 'Clearly people have taken advantage of insider information forever. I'm not against their tapping that down. I'm sorry to see that Paul Pelosi, Nancy Pelosi and others appear - all appearance right now we don't know the facts - to have taken advantage of insider information.' A. What is a central idea? B. What is insider trading?

Answer 1

Main Answer:

A. Central Idea: Fisher expressed concern about the alleged exploitation of insider information by individuals, including members of the Pelosi family, highlighting the need to address such practices within the context of the forthcoming stock plan proposal.

B. Insider Trading: Insider trading refers to the unlawful practice of trading securities, like stocks or bonds, by individuals who possess material, non-public information about the securities. This information could give them an unfair advantage over other traders in the market, enabling them to profit or avoid losses illegally.

Step-by-step explanation:

He expresses concern about this practice and notes that the forthcoming stock plan proposal could potentially address these concerns. The key point is the apprehension regarding the alleged exploitation of insider information by influential figures and the expectation that it might be curtailed through regulatory measures.

He expresses concern about this practice and notes that the forthcoming stock plan proposal could potentially address these concerns. The key point is the apprehension regarding the alleged exploitation of insider information by influential figures and the expectation that it might be curtailed through regulatory measures.