4 ms·
> Not a popular opinion, but should insider trading be legal? Isn't this legal for members of the United States Congress? I can't recall the specifics, but see
by whatthesmack 9y ago
> Not a popular opinion, but should insider trading be legal?
Isn't this legal for members of the United States Congress? I can't recall the specifics, but seem to remember some special exemption for them from insider trading rules.
- 1mike12 9y agoWell congress itself seems to do abnormally well on their stock portfolio. They have some absurd return beating the indices by a wide margin. http://www.huffingtonpost.com/2011/05/24/members-of-congress-get-a_n_866387.html http://www.huffingtonpost.com/2011/05/24/members-of-congress...
- FireBeyond 9y agoYes, members of Congress are not prohibited from making stock trades based on information they learn in their role as a Congressional rep. This includes not just routine and public hearings, but also closed and secret/classified hearings.