4 ms·

Congress specifically excluded themselves from insider trading laws. It's outrageous but that makes it pretty much a free for all for US congress folks to do i

• alien_at_work 9y ago
  I've often wondered about starting a fund where I simply follow any trades certain congress members are making. That's not insider info at that point, right? I guess this strategy can't work for some reason (or others would be exploiting it) but what is the reason? Time delay?
  • deleted 9y ago
    [deleted]
  • Raidion 9y ago
    I don't think the trades of congress are public record. You simply aren't able to get that information. And if you are able to get that info, and the rest of the public doesn't have it, then that's inside trading.
    • alien_at_work 9y ago
      I thought trades past a certain size had to be disclosed? But yes, this is probably the reason: I simply wouldn't be able to know until long after the fact.