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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.
Trading in Congress has long been criticized by government watchdogs, who say the access to nonpublic information creates a temptation for lawmakers to prioritize their own finances over the ...
The Stop Trading on Congressional Knowledge (STOCK) Act of 2012 (Pub. L. 112–105 (text), 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 profit, including ...
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 ...
Senator Mark Kelly of Arizona sat down with Yahoo Finance to talk about his Ban Congressional Stock Trading Act, which would confiscate a lawmaker’s entire salary if they break the rules.
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 sales made by various lawmakers from both parties during the March banking turmoil are renewing calls for an outright ban of Congressional trading. Congress hasn't banned lawmakers from ...
As a result, Pelosi has found herself the face of the insider trading debate in Congress. Several bills have been introduced to try and ban members of Congress from trading stocks, including one ...