Why is Congress allowed Insider trading?

[CrusaderFrank]

Why is Congress allowed Insider trading?

Cutting across Party lines fully 95% of Congress is absolutely criminal in their use and abuse of insider trading. Members arrive as working class with a net worth of several hundred thousand dollars, and literally make tens of millions in a few short year -- this on a Congressional salary too no less!

Congress has become a tyrannical enemy of our freedoms.

They put out massive new spending bill that enrich a new group > that group the funds Congressional campaigns > Congress uses the proceeds to insider trade. That is why we are ravaged by inflation. There is simply no incentive for Congress to control spending, just the opposite in fact. Spend More, Make More

This is criminal and should be shut down by SCOTUS.

Can Congress engage in drug trafficking? Selling Children and sex slaves? What's the difference?

Congress should comply with the same rules as the rest of us. This is not really hard to understand

 

[Moonglow]

catching on are we, this is the sort of shit that Roosevelt encountered when reforming the stock market after the crash...Ethics is not a matter for monitoring unless it is the plebs.

 

[Godboy]

catching on are we, this is the sort of shit that Roosevelt encountered when reforming the stock market after the crash...Ethics is not a matter for monitoring unless it is the plebs.

What a useless non answer. Answering questions just isnt something that you are capable of.

 

[Godboy]

Why is Congress allowed Insider trading?

Cutting across Party lines fully 95% of Congress is absolutely criminal in their use and abuse of insider trading. Members arrive as working class with a net worth of several hundred thousand dollars, and literally make tens of millions in a few short year -- this on a Congressional salary too no less!

Congress has become a tyrannical enemy of our freedoms.

They put out massive new spending bill that enrich a new group > that group the funds Congressional campaigns > Congress uses the proceeds to insider trade. That is why we are ravaged by inflation. There is simply no incentive for Congress to control spending, just the opposite in fact. Spend More, Make More

This is criminal and should be shut down by SCOTUS.

Can Congress engage in drug trafficking? Selling Children and sex slaves? What's the difference?

Congress should comply with the same rules as the rest of us. This is not really hard to understand

The very simple answer is... because it requires Congress to vote to remove that rule from Congress, and the public isnt pushing Congress hard enough to do so. The public is distracted by a million other things.

Congressmen love insider trading. Who wouldnt? If i was allowed to, i would do it too.

 

[progressive hunter]

Why is Congress allowed Insider trading?

Cutting across Party lines fully 95% of Congress is absolutely criminal in their use and abuse of insider trading. Members arrive as working class with a net worth of several hundred thousand dollars, and literally make tens of millions in a few short year -- this on a Congressional salary too no less!

Congress has become a tyrannical enemy of our freedoms.

They put out massive new spending bill that enrich a new group > that group the funds Congressional campaigns > Congress uses the proceeds to insider trade. That is why we are ravaged by inflation. There is simply no incentive for Congress to control spending, just the opposite in fact. Spend More, Make More

This is criminal and should be shut down by SCOTUS.

Can Congress engage in drug trafficking? Selling Children and sex slaves? What's the difference?

Congress should comply with the same rules as the rest of us. This is not really hard to understand

where did you come up with 95%??

 

[LeroyDumonde]

Congress makes the laws. They can exempt themselves from the laws.

 

[progressive hunter]

Congress makes the laws. They can exempt themselves from the laws.

that would make them privileges not laws..

 

[Harpy Eagle]

Why is Congress allowed Insider trading?

Cutting across Party lines fully 95% of Congress is absolutely criminal in their use and abuse of insider trading. Members arrive as working class with a net worth of several hundred thousand dollars, and literally make tens of millions in a few short year -- this on a Congressional salary too no less!

Congress has become a tyrannical enemy of our freedoms.

They put out massive new spending bill that enrich a new group > that group the funds Congressional campaigns > Congress uses the proceeds to insider trade. That is why we are ravaged by inflation. There is simply no incentive for Congress to control spending, just the opposite in fact. Spend More, Make More

This is criminal and should be shut down by SCOTUS.

Can Congress engage in drug trafficking? Selling Children and sex slaves? What's the difference?

Congress should comply with the same rules as the rest of us. This is not really hard to understand

because they make the rules and no matter how much they fuck us and help themselves, we keep voting them back into office.

 

[Crepitus]

Why is Congress allowed Insider trading?

Cutting across Party lines fully 95% of Congress is absolutely criminal in their use and abuse of insider trading. Members arrive as working class with a net worth of several hundred thousand dollars, and literally make tens of millions in a few short year -- this on a Congressional salary too no less!

Congress has become a tyrannical enemy of our freedoms.

They put out massive new spending bill that enrich a new group > that group the funds Congressional campaigns > Congress uses the proceeds to insider trade. That is why we are ravaged by inflation. There is simply no incentive for Congress to control spending, just the opposite in fact. Spend More, Make More

This is criminal and should be shut down by SCOTUS.

Can Congress engage in drug trafficking? Selling Children and sex slaves? What's the difference?

Congress should comply with the same rules as the rest of us. This is not really hard to understand

All of them should be charged and removed. Both sides.

Let the special elections begin!

 

[Auld Phart]

Why is Congress allowed Insider trading?

Cutting across Party lines fully 95% of Congress is absolutely criminal in their use and abuse of insider trading. Members arrive as working class with a net worth of several hundred thousand dollars, and literally make tens of millions in a few short year -- this on a Congressional salary too no less!

Congress has become a tyrannical enemy of our freedoms.

They put out massive new spending bill that enrich a new group > that group the funds Congressional campaigns > Congress uses the proceeds to insider trade. That is why we are ravaged by inflation. There is simply no incentive for Congress to control spending, just the opposite in fact. Spend More, Make More

This is criminal and should be shut down by SCOTUS.

Can Congress engage in drug trafficking? Selling Children and sex slaves? What's the difference?

Congress should comply with the same rules as the rest of us. This is not really hard to understand

Laws for thee, but not for me.

(do as I say, not as I do)

 

[Magnus]

Why is Congress allowed Insider trading?

Cutting across Party lines fully 95% of Congress is absolutely criminal in their use and abuse of insider trading. Members arrive as working class with a net worth of several hundred thousand dollars, and literally make tens of millions in a few short year -- this on a Congressional salary too no less!

Congress has become a tyrannical enemy of our freedoms.

They put out massive new spending bill that enrich a new group > that group the funds Congressional campaigns > Congress uses the proceeds to insider trade. That is why we are ravaged by inflation. There is simply no incentive for Congress to control spending, just the opposite in fact. Spend More, Make More

This is criminal and should be shut down by SCOTUS.

Can Congress engage in drug trafficking? Selling Children and sex slaves? What's the difference?

Congress should comply with the same rules as the rest of us. This is not really hard to understand

By law, they are not allowed.

The Stop Trading on Congressional Knowledge (STOCK) Act prohibits members and employees of Congress from using nonpublic information for personal gain. The act also requires members of Congress and other federal officials to disclose securities transactions over $1,000 within 45 days of the transaction date.

The STOCK Act was introduced in 2006 and became law in 2012.

STOCK Act - Wikipedia

en.wikipedia.org

 

[Manonthestreet]

Insider Trading Isn’t Illegal if You Are a Member of Congress – INSIDE COMPLIANCE

blogs.luc.edu

 

[CrusaderFrank]

Congress makes the laws. They can exempt themselves from the laws.

So they can allow themselves to murder? Drug traffic? Sex traffic?

 

[CrusaderFrank]

By law, they are not allowed.

The Stop Trading on Congressional Knowledge (STOCK) Act prohibits members and employees of Congress from using nonpublic information for personal gain. The act also requires members of Congress and other federal officials to disclose securities transactions over $1,000 within 45 days of the transaction date.

The STOCK Act was introduced in 2006 and became law in 2012.

STOCK Act - Wikipedia

en.wikipedia.org

Except it's not being followed. For example, Dick Durbin has never made his trades public

 

[LeroyDumonde]

So they can allow themselves to murder? Drug traffic? Sex traffic?

They could if they wanted to. At least on the federal level.

 

[CrusaderFrank]

Josh Hawley claims that its only 97 member of Congress, I think that's a fraction of the real number

 

[Magnus]

Except it's not being followed. For example, Dick Durbin has never made his trades public

Maybe. But that wasn’t the question you asked.

To your question - “Why is Congress allowed Insider trading?”

The short answer is - They are not.

 

[Markle]

catching on are we, this is the sort of shit that Roosevelt encountered when reforming the stock market after the crash...Ethics is not a matter for monitoring unless it is the plebs.

Once again, you have nothing to add; you whine.

 

[skye]

Because they are corrupt thugs...... plus Nancy Pelosi said so.

You don't like it, too bad.

Why is Congress allowed Insider trading?​

 

[Markle]

By law, they are not allowed.

The Stop Trading on Congressional Knowledge (STOCK) Act prohibits members and employees of Congress from using nonpublic information for personal gain. The act also requires members of Congress and other federal officials to disclose securities transactions over $1,000 within 45 days of the transaction date.

The STOCK Act was introduced in 2006 and became law in 2012.

STOCK Act - Wikipedia

en.wikipedia.org

Like many things in Washington, they are masters at splitting hairs. For instance, the Inflation Reduction Act is a massive spending bill that, if Congress was truthful, is the Forcing Environmental Change Act. It would never have gotten a fraction of the money with that as a title.

The wording in the Insider Training laws stipulates information from a person inside the company is illegal to use for trades. So what this member learns in a committee is not from an employee of the company. It's a mess.