I bet you didn't you know that the Securities Exchange Commission has no authority to stop members of Congress, their staff and federal employees from using non-public information to make insider trades on the stock market. Quite a nice loophole that our federal officials have made for themselves. Maybe the Congress should pass some legislation to close that unfortunate loophole.
Public Citizen has information on this issue and is calling on Congress to eliminate this accountability loophole. Read their letter in support of a bill to ban it and find other information on the “Stop Trading on Congressional Knowledge” Act.
Mark
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