I'm not a lawyer and this isn't investment advice so don't sue me if I'm wrong but I'm not sure this qualifies as insider trading in the way that would be illegal for public markets.
Aren't most investors in private companies privy to information that isn't entirely public?
I can see how this feels a bit different because DataBricks might be the size where it might trade with a decent amount of liquidity, but certainly in smaller rounds it's got to be pretty normal.
Maybe if she bought it secondary and the person from whom she purchased the shares was witheld this information they could sue?
She (and many other senators and other government employees) are very obviously and consistently beating the market as well as beating most investment funds.
There's only 1 explanation for this: they're getting inside info from lobbyists and such.
I don't care whether that's currently illegal or not. I don't care whether other types of investors also engage in that same practice. I just think that that's extremely wrong and corrupt and it blows my mind that both the US government and people think that this is totally OK (or don't know about it, which is even worse).
Aren't most investors in private companies privy to information that isn't entirely public?
I can see how this feels a bit different because DataBricks might be the size where it might trade with a decent amount of liquidity, but certainly in smaller rounds it's got to be pretty normal.
Maybe if she bought it secondary and the person from whom she purchased the shares was witheld this information they could sue?