Galloway warns Trump’s insider trading eroding trust in stock market

at the time when Tesla had reached its lowest price in four years.
“The fund made so much money in those two weeks it was able to start covering these short positions. I’m going to say what appears to be providing the spark to set the whole thing off,” Galloway explained.
“That’s fascinating,” remarked Swisher.
“It’s very fascinating, and I just don’t think people realize how insidious this is. And there are people, again, the nation’s top cop-to-be attorney general, trading against the public. Maybe she’s right, or maybe it’s a coincidence, but the nation’s top cop is trading against the public,” Galloway said, urging listeners to connect the dots.
“And it’s disturbing, because at the end of the day, this is the world,” Swisher said, leading into the next topic of conversation.
In conclusion, Galloway emphasized the impact of insider trading on the stock market’s trust by highlighting the negative implications for capital markets and investor confidence. Concerns about non-public information being used for trading, especially by those close to President Trump, raise ethical and legal questions about trust and fairness in the market. Such actions may erode investors’ confidence in the stock market’s integrity, leading to potential repercussions such as volatility and a lack of trust. The consequences of insider trading could be far-reaching and ultimately affect the overall health of the economy. The need for transparency and adherence to ethical standards is crucial to maintain the trust and stability of the stock market.