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Even if they could ban them, it probably wouldn't curb their behavior. It's trivial to obscure trades. A better approach, IMHO, is to make their trades availa

Even if they could ban them, it probably wouldn't curb their behavior. It's trivial to obscure trades. A better approach, IMHO, is to make their trades available to the public as quickly as possible, and force brokers to mandate trading grace periods for elected officials. At least then, the public has a chance to get in on the action. So if a corrupt-ass senator on the house foreign intelligence committee buys up some pharma companies after a closed door briefing, r/WSB will have a chance to get in on the action first.

bee_rider 5y ago
The higher ups in the fed, under the plan reported in the article, will still be able to do things like invest in a mutual fund. Applying that rule to elected officials would seem to be a good first step toward getting or obviating the type of transparency you are looking for.
- fakedang 5y ago
  In fact, it's a better step. The rules should be stupid simple and leave no room for manipulation or collusion. Simply barring them from trading individual stocks and making that history public is far more enforceable than trying to ensure that their trades follow some arbitrary grace period.