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The 2020 congressional insider trading scandal was a political scandal in the United States involving allegations that several members of the United States Senate violated the STOCK Act by selling stock at the start of the COVID-19 pandemic in the United States and just before a stock market crash on February 20, 2020, using knowledge given to them at a closed Senate meeting.
Congresstrading.com is a commercial website that provides access to a database of financial disclosures of members of the United States Congress. [1] It also provides a forum to discuss Congress' stock trades, according to WXII 12, an NBC affiliate news station. [2] Congress is required to publicly disclose their financial transactions by the ...
The STOCK Act is an original bill to prohibit members of Congress and employees of Congress from using private information derived from their official positions for personal benefit, and for other purposes. With this bill in place, members of Congress are no longer allowed to use information garnered through official business for personal reasons.
Biden said he lived on his Senate salary instead of playing the stock market. Trading in Congress has long been criticized by government watchdogs, who say the access to nonpublic information ...
In 2012, Congress passed the STOCK Act, which bars lawmakers from trading on insider information. The Pelosi scandal, however, shows why that law needs strengthening. For example, the ban must ...
The stock market had a record-breaking run last year, but members of Congress still managed to outperform it with their portfolios making staggering gains in industries where they wield ...
Elon Musk now owns two companies that have been popular investments for members of Congress, including House Speaker Nancy Pelosi. These 13 members of Congress have traded stock in Elon Musk's ...
In September 2021, Business Insider reported that Kelly had violated the Stop Trading on Congressional Knowledge (STOCK) Act of 2012, a federal transparency and conflict-of-interest law, by failing to properly disclose a purchase of stock in Beauty Health Company made by his wife worth between $1,001 and $15,000. [59]