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The portfolios of dozens of members of Congress from both major parties outperformed the benchmark S&P 500 in 2024, according to the annual analysis of the politicians' stock portfolios by Unusual ...
The report comes as several bipartisan measures aimed at banning the trading of stocks of individual companies by members of Congress appear to have stalled, despite overwhelming public support. A ...
By adding the maximum disclosed amounts, Unusual Whales concluded that trading members of Congress could have made up to $1 billion in stock and options trades in 2023—hundreds of millions of ...
This list of members of the United States Congress by wealth includes the fifty richest members of Congress as of 2018. It displays the net worth (the difference between assets and liabilities ) for the member and their immediate family, such as a spouse or dependent children.
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.
In 2003, the New York Times wrote that "SAC is one of the biggest hedge funds and is known for frequent and rapid trading." [ 13 ] In 2006, The Wall Street Journal reported that, while Cohen was once a rapid-fire trader who never held trading positions for extended periods, he now held an increasing number of equities for longer periods.
A bipartisan proposal to ban trading by members of Congress and their families has dozens of sponsors, but it has not received a vote. Although lawmakers are required to disclose stock ...
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.