4 ms·

Tracking If Congressional Aides Violate Stock Act Is Nearly Impossible

• exabrial 5y ago
  One can safely assume it's happening. For example: Nancy Pelosi IS in the legislative branch and doesn't even attempt to hide the sheer amount of money she's made on trading with insider information. https://unusualwhales.com/i_am_the_senate/pelosi https://unusualwhales.com/i_am_the_senate/pelosi If it's that corrupt to the bone with actual members of the house/senate, you can be assured the congressional aides are just as corrupt.
  • deleted 5y ago
    [deleted]
• throwaway0a5e 5y ago
  Why do we care if staffers insider trade? They aren't the ones calling the shots and someone will be on that side of that trade regardless of what they do. If some guy on capitol hill makes a bunch shorting something then good for them. The alternative is having some random liquidity provider make the money. I'm far more concerned with whether or not staffer's immediate family and friends are going on fishing trips and attending sports events at the expense of corporate interests and activist organizations.
  • supercanuck 5y ago
    The implication is they have insider knowledge and are able to avoid prosecution.
• _lfoo 5y ago
  I’ve been working on a website to parse these trades. It’s still very alpha but by looking at trades sorted by filing date you can pretty easily see when politicians file late (not when they don’t at all though). https://insider.one https://insider.one Edit: for instance this filing contains trades made far earlier than 45 days prior to the filing date: https://insider.one/#/f/20019350 https://insider.one/#/f/20019350
• BMc2020 5y ago
  "What we learned wasn't just that roughly 200 people had filed their disclosures late. The process taught us the extent to which elected officials and their staff were willing to go to obscure information they're required to make publicly available. After talking to experts, we learned it was that way by design."