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Congress Tells Court That Congress Can’t Be Investigated for Insider Trading
The//Intercept ^ | May 7, 2015 | By Lee Fang

Posted on 05/08/2015 10:33:45 AM PDT by Brad from Tennessee

In a little-noticed brief filed last summer, lawyers for the House of Representatives claimed that an SEC investigation of congressional insider trading should be blocked on principle, because lawmakers and their staff are constitutionally protected from such inquiries given the nature of their work.

The legal team led by Kerry W. Kircher, who was appointed House General Counsel by Speaker John Boehner in 2011, claimed that the insider trading probe violated the separation of powers between the legislative and executive branch.

In 2012, members of Congress patted themselves on the back for passing the STOCK Act, a bill meant to curb insider trading for lawmakers and their staff. “We all know that Washington is broken and today members of both parties took a big step forward to fix it,” said Rep. Bill Johnson, R-Ohio, upon passage of the law.

But as the Securities and Exchange Commission made news with the first major investigation of political insider trading, Congress moved to block the inquiry. . .

(Excerpt) Read more at firstlook.org ...


TOPICS: Front Page News
KEYWORDS: congress; insidertrading; stockact
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To: Brad from Tennessee

And yet there are still people who refuse to believe the deck is stacked (in many ways) against us ordinary folk.


41 posted on 05/08/2015 12:00:25 PM PDT by gdani (No sacred cows)
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To: Westbrook

They should be investigated, violators arrested and imprisoned for LONG terms.... I agree. By Whom?


42 posted on 05/08/2015 12:07:37 PM PDT by Safetgiver ( Islam makes barbarism look genteel.)
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To: Brad from Tennessee; Old Sarge; EnigmaticAnomaly; Califreak; kalee; TWhiteBear; freeangel; ...
”Image

Congress Tells Court That Congress Can’t Be Investigated for Insider Trading

!

.

43 posted on 05/08/2015 12:09:01 PM PDT by LucyT
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To: The_Media_never_lie; Hardens Hollow; null and void; laplata; Gluteus Maximus; Salvavida; ...
CWII Spark Ping — The_Media_never_lie: “This is just damn pure corruption. Our rulers are above the law, and they are waving it in our faces.”
44 posted on 05/08/2015 12:18:00 PM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: LucyT

Stay Alive and Shake It ....


45 posted on 05/08/2015 12:18:20 PM PDT by no-to-illegals (Do what is Right ... Take This Freepathon Over the Top!!!)
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To: Brad from Tennessee

What are these lifetime losers going to rule when theres no more country to rule?


46 posted on 05/08/2015 12:19:29 PM PDT by Old Yeller (Civil rights are for civilized people.)
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To: Darksheare
But remember, it was SO important to vote for the RINO or else the Dem would win.

Yep.
How Five Republicans Let Congress Keep Its Fraudulent Obamacare Subsidies

47 posted on 05/08/2015 12:22:30 PM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: Old Yeller

after midnight they bite? It’s just enough to make it Not three letters .... Hint, dance with SoX, ah come on ... ain’t Nasty!


48 posted on 05/08/2015 12:23:20 PM PDT by no-to-illegals (Do what is Right ... Take This Freepathon Over the Top!!!)
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To: OneWingedShark

Republican In Name Only ... and they said that began with an ‘S’ and was usual.


49 posted on 05/08/2015 12:24:48 PM PDT by no-to-illegals (Do what is Right ... Take This Freepathon Over the Top!!!)
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To: no-to-illegals
Republican In Name Only ... and they said that began with an ‘S’ and was usual.

I hate to break it to you, but Republican In Name Only is you and I — constitutionalist voters who have a chance of voting for someone other than The Guy With The (R)™.
Boehner, McCain, McConnell, and all these jerks — they are the true face of the Republican party.

50 posted on 05/08/2015 12:37:44 PM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: OneWingedShark

yes, we became tender and they set us on fire .... wonder if they think we are still their spirits?


51 posted on 05/08/2015 12:39:55 PM PDT by no-to-illegals (Do what is Right ... Take This Freepathon Over the Top!!!)
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To: Brad from Tennessee

Good.


52 posted on 05/08/2015 12:42:01 PM PDT by RedHeeler
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To: no-to-illegals

I honestly have no idea — at this point I have my doubts that they see anything other than their own desire for power.


53 posted on 05/08/2015 12:44:22 PM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: OneWingedShark

My agreement OneWing!


54 posted on 05/08/2015 12:47:52 PM PDT by no-to-illegals (Do what is Right ... Take This Freepathon Over the Top!!!)
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To: OneWingedShark

yes, it is a fear of life ...


55 posted on 05/08/2015 12:49:29 PM PDT by no-to-illegals (Do what is Right ... Take This Freepathon Over the Top!!!)
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To: Ghost of SVR4

It’s imploding now.


56 posted on 05/08/2015 12:55:13 PM PDT by DoughtyOne (Conservatism: Now home to liars too. And we'll support them. Yea... GOPe)
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To: SvenMagnussen

Let’s broaden that out a bit to hold accountable any government entity and it agents, employees, etc., by immediately freezing all accounts and assets of at least the individuals involved until such time they are proven innocent.

There needs to be a different standard for those in power.


57 posted on 05/08/2015 1:20:09 PM PDT by SgtHooper (Anyone who remembers the 60's, wasn't there!)
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To: OneWingedShark

Notice how the strident “You must vote for the RINO” types are quiet at the moment.


58 posted on 05/08/2015 1:28:17 PM PDT by Darksheare (Those who support liberal "Republicans" summarily support every action by same.)
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To: Ghost of SVR4

<>I wonder how much longer it will be before the American experiment implodes.<>

As in free government, consent of the governed? It is gone.

Article V before we can’t.


59 posted on 05/08/2015 1:30:24 PM PDT by Jacquerie (To shun Article V is to embrace tyranny.)
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To: CondorFlight

<>The only safe recourse to congressional corruption is for the people to throw the rascals out.<>

I disagree. We have sent dozens of conservatives to congress only to find most go wobbly if not rino. Clearly, our ruling institutions have been corrupted from their 1787 purpose.

It is way past time to restore congress, and that means returning to federalism. Repeal the 17A via Article V before we can’t.


60 posted on 05/08/2015 1:35:03 PM PDT by Jacquerie (To shun Article V is to embrace tyranny.)
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