Can Trump legally sell stocks on Friday, tweet about imposing tariffs on Sunday and then buy more of the stocks back on Monday? Trump could have made a lot of money by selling stocks before tweeting about imposing tariffs on China and then buying more of them back when the price of the stocks has dropped. Would this fall under the ban on insider trading, or does insider trading only apply to confidential information about companies?
There is no statutory definition of insider trading, and the question of who is included is answered by the SEC. It includes "Government employees who traded based on confidential information they learned because of their employment with the government". Under 5 USC 2105, POTUS is an "employee", though that is w.r.t. Title 5 and insider trading laws are under Title 15. But as it happens, the Title 15 definition of "executive branch employee" assigns the Title 5 definition of "employee" to "executive branch employee" and explicitly lists POTUS. Pub. L. No. 112-105, §§ 9(b)(1) explicitly says Executive branch employees, judicial officers, and judicial employees are not exempt from the insider trading prohibitions arising under the securities laws, including section 10(b) of the Securities Exchange Act of 1934 and Rule 10b–5 thereunder. Insider trading laws are not limited to "information about company X", they are framed in terms of non-public information, which could include information about a country: "no executive branch employee may use nonpublic information derived from such person’s position as an executive branch employee or gained from the performance of such person’s official responsibilities as a means for making a private profit".
If it’s relevant, yes However, Twitter’s position is that they have disclosed all the data that the contract requires them to disclose. It is likely that case will turn on whether they have or not. Data they haven’t disclosed is not relevant to answering that question.
The short answer is generally yes, but also.... it depends. The long answer is also... it depends. The first question is what (or who) is actually being sanctioned, second who is impacted by the sanction, third what is the specific sanction? There are a variety of different types of sanctions, sanctions against the state, businesses, people, etc. Most sanctions for example are against specific people, or conduct like investment or movement of capital, not necessarily the purchase of goods. I go into further discussion below, but for the quicker answer to your specific question, unless the person you are buying from is directly sanctioned or the subject of sanctions, or the entities specifically involved in the sale of goods (export company, vessel, etc) are directly sanctioned (or Russian companies operated in Crimea), yes it would be legal to purchase. So yes, unless the specific item you are buying/ entity you are buying it from is specifically sanctioned it would be legal, it is not particularly common for sanctions to prohibit the purchase of goods by consumers, unless there is a unique circumstance. Here is the 2-3 page overview of U.S. sanctions on Russia: https://sgp.fas.org/crs/row/IF10779.pdf As to the further discussion. For example see below, many current sanctions are against government officials; Or in the case of EO 13685 from 2014 concerning the occupation of Crimea many of the sanctions imposed aren't strictly against Russia, but instead prohibits U.S. business, trade, or investment in occupied Crimea. EO 13685 excerpt: Section 1. (a) The following are prohibited:(i) new investment in the Crimea region of Ukraine by a United States person, wherever located; (ii) the importation into the United States, directly or indirectly, of any goods, services, or technology from the Crimea region of Ukraine; (iii) the exportation, reexportation, sale, or supply, directly or indirectly, from the United States, or by a United States person, wherever located, of any goods, services, or technology to the Crimea region of Ukraine; and (iv) any approval, financing, facilitation, or guarantee by a United States person, wherever located, of a transaction by a foreign person where the transaction by that foreign person would be prohibited by this section if performed by a United States person or within the United States. (b) The prohibitions in subsection (a) of this section apply except to the extent provided by statutes, or in regulations, orders, directives, or licenses that may be issued pursuant to this order, and notwithstanding any contract entered into or any license or permit granted prior to the effective date of this order. (And even then sanctions may apply, unless they don't...) CRS Report: The United States has imposed sanctions related to Russia’s invasion of Ukraine on at least 735 individuals, entities, vessels, and aircraft that OFAC has placed on its Specially Designated Nationals List (SDN) or Sectoral Sanctions Identification List (SSI) (see Table 1 and Table B-1). The basis for most of these sanctions is a series of four executive orders (E.O.s 13660, 13661, 13662, and 13685) that President Obama issued in 2014.15 In addition, the Department of Commerce’s BIS denies export licenses for military, dual-use, or energy-related goods to designated end users, most of which also are subject to Treasury-administered sanctions. Two of President Obama’s Ukraine-related E.O.s target specific objectionable behavior. E.O. 13660 provides for sanctions against those the President determines have undermined democratic processes or institutions in Ukraine; undermined Ukraine’s peace, security, stability, sovereignty, or territorial integrity; misappropriated Ukrainian state assets; or illegally asserted governmental authority over any part of Ukraine. E.O. 13685 prohibits U.S. business, trade, or investment in occupied Crimea and provides for sanctions against those the President determines have operated in, or been the leader of an entity operating in, occupied Crimea. The other two E.O.s provide for sanctions against a broader range of targets. E.O. 13661 provides for sanctions against Russian government officials, those who offer them support, and those operating in the Russian arms sector. E.O. 13662 provides for sanctions against individuals and entities that operate in key sectors of the Russian economy, as determined by the Secretary of the Treasury. https://sgp.fas.org/crs/row/R45415.pdf https://www.trade.gov/country-commercial-guides/russia-sanctions See further references below: https://www.federalregister.gov/documents/2014/12/24/2014-30323/blocking-property-of-certain-persons-and-prohibiting-certain-transactions-with-respect-to-the-crimea https://home.treasury.gov/policy-issues/financial-sanctions/faqs/topic/1576 https://home.treasury.gov/policy-issues/financial-sanctions/sanctions-programs-and-country-information/ukraine-russia-related-sanctions https://home.treasury.gov/system/files/126/ukraine_overview_of_sanctions.pdf
Yes, you're allowed to pay someone to keep quiet, as long as whatever they're keeping quiet about isn't evidence of a crime. Companies can do this too, and quite often do. Offering to keep quiet in exchange for money may well constitute blackmail. But that doesn't appear to be an issue here.
First of all, this is not insider trading: insider trading is using non-public information to trade a publicly tradable security. What this could be is misuse of confidential information - a civil tort. The disclaimer does not create a legally binding contract for a number of reasons but it does alert the recipient that the information is confidential: if they use it then they can be sued for damages (probably successfully). However, given the nature of the information, it is almost impossible for your friend not to act on it and Company B should realise this. Legally he is doing the right thing, consulting a lawyer and informing Company B of its colossally massive stuff up. Ethically he may need to withdraw from the negotiations.
You'll note that Maryland governor Larry Hogan was sued and ended up settling over Facebook deleted comments and blocks. And a judge ruled that Trump can't block comments on Twitter. So it seems there's an evolving consensus that politicians can't simply block or delete social media comments for differing viewpoints.
It seems that your friend is taking part in a multi-level marketing scheme. However, this does not necessarily exclude a pyramid or snow ball scheme. Both can be illegal in Germany and Switzerland under the respective unfair business practices codes, because the systems do not rely on the sales of goods and services, but on the continuous recruitment of further sales persons. To clarify whether your friend's system is illegal, you could report the scheme to the competent watchdogs. In Germany the "Zentrale zur Bekämpfung unlauteren Wettbewerbs" in Bad Homburg is recommendable. As the company is operating from Switzerland, German law not be applicable without more. Therefore also contacting the Swiss authorities may be advisable. This seems to be the "Staatssekretariat für Wirtschaft SECO" in Bern.
Is this legal? Generally yes, unless it unlawfully exceeds the scope of the license. Also, if it is, how can I check if it's permitted by the original store's EULA? Read the whole EULA, focusing on terms related to resale, assignment, and transferability.