Nicole Lappin

I remember when I was in my 20s and I overdrafted for the first time with an old bank. I didn't even know that I had overdraft protection turned on and that protection would mean a $35 fee on my $5 latte.

I'm Nicole Lappin, the only financial expert you don't need a dictionary to understand. It's time for some money rehab. Hey, guess what? I want to teach you how to grow your money 20,000% in just one day. And I promise it is so, so easy. It is just this one little money move called... insider trading. So if you missed this story, let me first say I'm totally kidding.

I'm Nicole Lappin, the only financial expert you don't need a dictionary to understand. It's time for some money rehab. Hey, guess what? I want to teach you how to grow your money 20,000% in just one day. And I promise it is so, so easy. It is just this one little money move called... insider trading. So if you missed this story, let me first say I'm totally kidding.

I'm Nicole Lappin, the only financial expert you don't need a dictionary to understand. It's time for some money rehab. Hey, guess what? I want to teach you how to grow your money 20,000% in just one day. And I promise it is so, so easy. It is just this one little money move called... insider trading. So if you missed this story, let me first say I'm totally kidding.

Do not try DIY insider trading. It is super duper illegal. But I'll fill you in on what I'm talking about. There was a viral post on X that showed a screenshot of someone, and we do not know who, buying 100 grand worth of zero day options for the S&P 500 index SPY. This means that that person basically made a bet that the stock market would go up that day.

Do not try DIY insider trading. It is super duper illegal. But I'll fill you in on what I'm talking about. There was a viral post on X that showed a screenshot of someone, and we do not know who, buying 100 grand worth of zero day options for the S&P 500 index SPY. This means that that person basically made a bet that the stock market would go up that day.

Do not try DIY insider trading. It is super duper illegal. But I'll fill you in on what I'm talking about. There was a viral post on X that showed a screenshot of someone, and we do not know who, buying 100 grand worth of zero day options for the S&P 500 index SPY. This means that that person basically made a bet that the stock market would go up that day.

And if they were wrong, they would lose all of that money they'd put in. But what'd you know? They happened to place this order right before President Trump rolled back some of the Liberation Day tariffs. And this person made an estimated 20,900% on their investment or 21 million bucks. Now, the market did not move because of some factor that you or I could have seen coming on a technical chart.

And if they were wrong, they would lose all of that money they'd put in. But what'd you know? They happened to place this order right before President Trump rolled back some of the Liberation Day tariffs. And this person made an estimated 20,900% on their investment or 21 million bucks. Now, the market did not move because of some factor that you or I could have seen coming on a technical chart.

And if they were wrong, they would lose all of that money they'd put in. But what'd you know? They happened to place this order right before President Trump rolled back some of the Liberation Day tariffs. And this person made an estimated 20,900% on their investment or 21 million bucks. Now, the market did not move because of some factor that you or I could have seen coming on a technical chart.

The market moved because of an unexpected announcement the president made. So this person probably is not a fortune teller or even a really skilled investor. They probably had some insider information. Insider trading is a huge issue in Washington. I got intel on this from Senator Kirsten Gillibrand, who came on the show before I went on maternity leave. She told me this.

The market moved because of an unexpected announcement the president made. So this person probably is not a fortune teller or even a really skilled investor. They probably had some insider information. Insider trading is a huge issue in Washington. I got intel on this from Senator Kirsten Gillibrand, who came on the show before I went on maternity leave. She told me this.

The market moved because of an unexpected announcement the president made. So this person probably is not a fortune teller or even a really skilled investor. They probably had some insider information. Insider trading is a huge issue in Washington. I got intel on this from Senator Kirsten Gillibrand, who came on the show before I went on maternity leave. She told me this.

Well, you know, I've often said that most investors don't beat the market. Well, members of Congress aren't just better investors than most financial advisors. They have access to more information than we do and more influence over stocks than we do for that matter. And they translate that into outperforming the S&P 500 by 17 percent. It is definitely infuriating. But is it illegal?

Well, you know, I've often said that most investors don't beat the market. Well, members of Congress aren't just better investors than most financial advisors. They have access to more information than we do and more influence over stocks than we do for that matter. And they translate that into outperforming the S&P 500 by 17 percent. It is definitely infuriating. But is it illegal?

Well, you know, I've often said that most investors don't beat the market. Well, members of Congress aren't just better investors than most financial advisors. They have access to more information than we do and more influence over stocks than we do for that matter. And they translate that into outperforming the S&P 500 by 17 percent. It is definitely infuriating. But is it illegal?

Since 2012, members of Congress and their spouses have been required to disclose trades thanks to the STOCK Act, which stands for Stop Trading on Congressional Knowledge. Classic legislative example of creating a backronym. You know, an acronym that you just sort of back into based on what you want the abbreviation to be.

Since 2012, members of Congress and their spouses have been required to disclose trades thanks to the STOCK Act, which stands for Stop Trading on Congressional Knowledge. Classic legislative example of creating a backronym. You know, an acronym that you just sort of back into based on what you want the abbreviation to be.

Since 2012, members of Congress and their spouses have been required to disclose trades thanks to the STOCK Act, which stands for Stop Trading on Congressional Knowledge. Classic legislative example of creating a backronym. You know, an acronym that you just sort of back into based on what you want the abbreviation to be.

This law made it explicitly illegal for members of Congress to use non-public information they learned through their jobs to make personal financial gains, i.e. insider trading. Under the Stock Act, lawmakers must file a disclosure within 45 days of making a trade over $1,000, and that includes trades made by their spouses and their dependent children.