4 ms·
Not quite true. Congress has been explicitly exempted from insider trading regulations.
by maxk42 5y ago
Not quite true.
Congress has been explicitly exempted from insider trading regulations.
- lotsofpulp 5y agoAs far as I know, this was rectified in 2012 (or at least made explicit, some claim Congress was never exempt). https://en.wikipedia.org/wiki/STOCK_Act https://en.wikipedia.org/wiki/STOCK_Act https://www.wsj.com/articles/SB10001424052970203711104577199113513037068 https://www.wsj.com/articles/SB10001424052970203711104577199... https://www.congressionalinstitute.org/2018/08/16/can-members-of-congress-engage-in-insider-trading/ https://www.congressionalinstitute.org/2018/08/16/can-member...