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Congressional stock trading is back in the limelight following a New York Times analysis that found 97 members of Congress engaged in stock market transactions that could potentially be seen as ...
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.
Christopher Josephs, a tech entrepreneur who runs the “Nancy Pelosi Stock Tracker” on X, is firmly in that camp. On X, he highlights politicians’ trades “so we [Americans] can invest ...
Congresstrading.com. 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 ...
The STOCK Act, which was passed in 2012, was intended to provide transparency in stock trades by lawmakers, who were required to report these trades within 45 days of the transactions.. However, a ...
STOCK Act. The Stop Trading on Congressional Knowledge (STOCK) Act of 2012 (Pub. L. 112–105 (text) (PDF), S. 2038, 126 Stat. 291, enacted April 4, 2012) is an Act of Congress designed to combat insider trading. It was signed into law by President Barack Obama on April 4, 2012. The law prohibits the use of non-public information for private ...
Under the STOCK Act of 2012, lawmakers are required to report their stock trades within 45 days of the transactions. However, a report by Insider found that 54 members of Congress have failed to ...
e. Insider trading is the trading of a public company 's stock or other securities (such as bonds or stock options) based on material, nonpublic information about the company. In various countries, some kinds of trading based on insider information are illegal. This is because it is seen as unfair to other investors who do not have access to ...