Comment Re:If I'm understanding this correctly (Score 4, Interesting) 210
You pay him for access to his insider trading information?
I'm not sure that most algorithmic trading firms could touch this with a bargepole.
The US has fairly lenient laws when it comes to insider trading, but the EU, for example, is much stricter; laws which basically boil down to "trading while in possession of MNPI". The regulator neither has to prove that you used the information, nor that you benefited from it, merely that you possessed it and you traded in a way that could have been influenced by it.
The main requirements that have to hold for the EU is that the information is "precise, non-public, and price-sensitive"
I don't know other regulators rules so well but my googling says that "Canada: generally prohibits trading while posessing undisclosed information obtained through special relationships"
There is, of course, some confusion on whether the information is "non-public" which I suspect Trump will play on, but I think these posts will be seen as Trump announcing that he is going to enact some government change, not that he has, and as such is unlikely to satisfy any non-US regulator as to it being anything other than MNPI (or worse, market manipulation - firms trading in the EU could be sanctioned even if Trump himself cannot be)