White House corruption? WSJ bombshell reveals government stock trades

The “Loophole Strategy” That Any Trader Can Use.... The “Loophole Strategy” That Any Trader Can Use....                                                                                                      The “Loophole Strategy” That Any Trader Can Use....                                                                                                      Editor’s Note: When we see offers from other publishers that might interest you, we pass them along. Below you’ll find one from our friends at Wealthpin. Please note that their opinions may differ from what you read in Behind the Markets. You are receiving this email because you are subscribed to Behind the Markets. If you no longer wish to receive these partner emails, please [unsubscribe]( here. --------------------------------------------------------------- Hey- A recent Wall Street Journal study found that: “Hidden records show thousands of senior executive members owned stocks in companies whose fates were directly affected by their employers’ actions” If you look into the story it’s even worse: This is not a partisan story. The information here covers both Democrats and Republicans, and is from 2016-2021. And it's frankly disturbing to see. This is the type of hard C corruption that third world countries are accused of. The Wall Street Journal found that “More than 2,600 officials at agencies from the Commerce Department to the Treasury Department, during both Republican & Democratic administrations, had stock in companies while those same companies were lobbying their agencies for favors.” The examples are specific & far-reaching. “A top official at the EPA reported purchases of oil and gas stocks. The FDA let an official own dozens of food & drug stocks on its no-buy list. A DoD official bought stock in a defense firm 5x before it won business from the Pentagon.” The obvious problem is officials using their influence to get rich… But the less obvious problem is a far bigger one. Regulating food, defense contractors, telecoms and other crucial industries is an extremely important job. And the greed of these officials… Has a lethal secondary effect of compromising that mission, at a time when we are literally facing an economic meltdown, potential nuclear war and the decline of US power on the world stage. Some of these officials hide behind trusts and investment advisors, but it’s trivially easy to direct those trusts and investment advisors based on insider access. [One ray of light is that due to an obscure law, many insiders do have to disclose these trades after making them, and we can track them through this [little-known database](] The fox is guarding the hen house here and it’s going to hurt everyday Americans. This includes the Chinese government itself by the way… “More than 400 officials owned or traded Chinese company stocks, including officials at the State Dept and White House. Their investments amounted to between $1.9 million and $6.6 million on average a year.” That’s a lot more serious than a governor’s wife trading cattle futures. And the flimsy protections that are supposed to stand against this? Well they don’t seem to do anything at all. “A Journal review of inspector general reports showed that the offices rarely investigated financial conflicts. As more federal officials invest in the stock market, ethics officials say they have less time to look into possible wrongdoing.” Now if you’re wondering what specific stocks they traded… Here are some examples: “While the government was ramping up scrutiny of large technology companies, more than 1,800 federal officials reported owning or trading at least one of four major tech stocks: Meta Platforms Inc.’s Facebook, Alphabet Inc.’s Google, Apple Inc. and Amazon.com Inc.” Environmental Protection Agency chief “Mr. Molina reported more than 100 trades in energy and mining companies including Duke Energy Corp., NextEra Energy Inc. and BP PLC.” “An FDA official named Malcolm Bertoni disclosed that he and his wife owned stock in about 70 pharmaceutical, diagnostics, medical device and food companies regulated by the agency in 2018 and 2019, including drug giants Pfizer Inc. and Takeda Pharmaceutical Company Ltd.” So this begs the question: What do we about this? Well unfortunately we can't do much to reign in the behavior of elites. But thanks to this [little known database]( we can track what they're trading... And use [that information]( to even the playing field... And potentially capture the same big gains that well-connected insiders enjoy.  [Click here and get the full details right now.]( Our mailing address is: Behind the Markets, LLC 4260 NW 1st Avenue, Suite 55 Boca Raton, FL 33431 Copyright © 2023 Behind the Markets, LLC, All rights reserved. You're receiving this email as part of your subscription to Behind the Markets. For more information about our privacy practices, please review our [Privacy Policy]( or our [Legal Notices.]( [Unsubscribe](