A well-known adage reminds us that corporate insiders and 10% owners really only buy shares of a company because they believe the stock price will rise and they want to profit from it. Thus, insider buying can be an encouraging signal for potential investors. This is all the more so during times of uncertainty in the markets, and even when markets are near all-time highs.
Given that one of the purported architects of President Trump's tariff policy is Commerce Secretary Howard Lutnick, your father and the former Chairman and CEO of Cantor Fitzgerald, LP, the firm's actions raise obvious conflict-of-interest and insider dealing concerns.
Cantor Fitzgerald is creating a bet mechanism for investors to wager on the legality of Trump’s tariffs, allowing companies to seek refunds if the tariffs are ruled unlawful.