Geee Posted October 11, 2010 Share Posted October 11, 2010 Washington Examiner:Many people are aware that it’s illegal for business executives to engage in “insider trading,” the practice of buying and selling stocks based upon information not available to the general public. Incredibly, however, those laws do not apply to members of Congress or to their staffs.The Wall Street Journal has a great story today on how congressional staffers openly engage in stock transactions directly related to their day jobs and how basically no one in Congress is interested in fixing this situation Link to comment Share on other sites More sharing options...
Rheo Posted October 11, 2010 Share Posted October 11, 2010 Even if they had done so, it would be legal, because insider-trading laws don’t apply to Congress. The Hill Senate Majority Leader Harry Reid’s (D-Nev.) top energy aide made several thousand dollars in 2008 by investing in a solar-energy company that stood to benefit from tax legislation moving through Congress, according to a news account. Link to comment Share on other sites More sharing options...
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