I think they are exempt from insider trading laws...in fact pretty sure they are
think they are exempt from insider trading laws...in fact pretty sure they are...
I think you are right.
I’ve heard that before. Explains why there are so many congress millionaires
well, there is a loophole for them. STOCK Act was passed in 2012 but the very next year Congress wrote a bypass where they can work the stock market with their info, they just have to file a form within 45 days of their stock activity, the hitch is that their record is on hard copy only and stored in the MASSIVE documents storage facility in DC and you can only get access to the docs by going directly to the facility in DC and request the specific form. You cant go fishing online for the dirt, its only in DC. In the civilian world, people like CEOs and the like have to file these documents which are available online to anyone.
The only way to save the Republic is term limits. No more than 2 terms for any elected official, if that’s the rule for the President, it should be the rule for ANY elected official. The founders never meant for career professional politicans.
Did you read the article?
They are not supposed to be—whether they ever are fined or jailed like Martha Stewart is another story and very improbable...