this post was submitted on 24 Apr 2024
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Chamber of commerce doesn't want bankers to run around spilling all of the secrets obviously. Letting the SEC/Fed run to big banks would also not be ideal.
They suck, but their suit makes perfect sense to protect your american markets.
weird argument, people who want to spill secrets would do it regardless without being officially employed.
It's not a weird argument. It is very much why this law exists.
Them saying "hey can I work at the SEC for 1 week and leave?" and the gov saying "yes, idc" is bad and will lead to even more fraud, I promise.
Again, nothing says they couldn't limit this by industry.
Roofing company wants a non-compete with a rival firm down the block? Fuck no.
Somebody with a fiduciary-duty to not fuck over the ENTIRE regulatory industry for your country? Maybe we shouldn't let them do that.
except it's up to the employer to say no to that, not taking someone hostage with a non-compete. Also as I said, even with the non compete in place, there's literally nothing to stop people who want to make money through these leaks to just sell them secretly, and then make enough money to live without working through the non compete period.
Why sell them secretly when you can "sell" them legally to your new employer...?