Think you might be confused on who bears the burden of proof...
But snark aside, she says her discretionary advisor (different role than a broker) made the trading decisions..having worked under the same compliance scheme she and her husband most certainly operate within, I believe her...and I believe Diane Feinstein. Could she have called her outside manager and instructed him/her to sell. Sure, but given the size of the transaction in question relative to their reported 500 mm net worth (and the fact they purchased and still hold other stocks that have gotten crushed) I think that’s unlikely. The professional risk/ return doesn’t make sense for either of them...over a 40k position.
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In response to this post by Plano Hoo)
Posted: 04/03/2020 at 1:42PM