“Members of Congress shouldn’t be blocked from selling stocks that everyone else is selling.”
Insider trading usually means selling right before everyone else does, or buying right before everyone else does, based on knowledge they don’t have.
You don’t like laws against insider trading?
Group 535 issued those Laws. They just made themselves exempt.
Should he have to hold on to his stocks until the market goes below
a certain point?
As for some insider trading, I think the laws are a little too strict.
In every business there are times when folks benefit when others
don't.
These don't all have stocks involved either.
What would bother me more, is where did he come up with the
$1.7 million to begin with? Answer that question and things
may not have needed to be addressed with regard to insider
trading.
It's my take that these folks back there do a whole lot worse
things than simply sell stocks before others.