IRS and Congressional insider trading

There was a 60 minutes episode featuring Nancy Pelosi and a couple of Republican Senators and Congressmen and they were asked about buying stocks of companies with business before Congress and she said they were not doing anything wrong. The same answer from the Senators so, insider trading is A-Okay for members of Congress. For others, not good! Remember Martha Stewart who got jailed for insider trading? Or Hedge Fund Manager Raj Rajaratnam who got stiff prison sentence. That is why we need to drain the swamp! Vote in the November 2018 elections and remove the crocodiles in the US Congress!
 
destriero said:
https://obamawhitehouse.archives.go...ock-act-bans-members-congress-insider-trading

I am fairly certain that 2012 was in the past. Checking...
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And 2013 repealed all the disclosure requirements of the STOCK act, so you can’t check how big their ill gotten gains are. Mind you they delayed the disclosure requirements for almost a year, successively, so they never had to disclose publicly before they passed the amendment that axed that altogether.

http://politicalticker.blogs.cnn.co...inate-key-requirement-of-insider-trading-law/
 
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MoreLeverage said:
Crimes in the past are still crimes. And 2013 repealed all the disclosure requirements of the STOCK act, so you can’t check how big their ill gotten gains are. Mind you they delayed the disclosure requirements for almost a year, successively, so they never had to disclose publicly before they passed the amendment that axed that altogether.

http://politicalticker.blogs.cnn.co...inate-key-requirement-of-insider-trading-law/
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Ha, interesting. That indeed guts it completely.
 
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