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After Amazon workers snagged LIC condos, a senator wants to prevent insider deals

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The Real Deal Quotes Adam Leitman Bailey on “Insider Trading” in Real Estate

“Insider trading is illegal in the stock market but in real estate it is not only legal, [it’s] celebrated with champagne.’ – Attorney Adam Leitman Bailey on buying and selling property based on nonpublic information – an issue that popped up following reports of Amazon employees snapping up condos in LIC before the company’s “HQ2” locations were disclosed.”

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