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ruffburr

(1,190 posts)
Wed Apr 24, 2013, 12:19 PM Apr 2013

So Insider Trading-

Is Legal for lawmakers? Nothing Crooked There Ya Think? I'm wondering why i don't see people here or any where hollering out about this obvious corruption of our so called Representatives,SHE'ESE !

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So Insider Trading- (Original Post) ruffburr Apr 2013 OP
No. Insider trading is not legal for lawmakers. onenote Apr 2013 #1
Thank you for the clarification ruffburr Apr 2013 #2

onenote

(46,063 posts)
1. No. Insider trading is not legal for lawmakers.
Wed Apr 24, 2013, 12:29 PM
Apr 2013

I'm going to guess that your post is based on something you read that suggested that Congress had repealed the STOCK Act and that you didn't check out the accuracy of the claim or didn't understand the story. Congress did not repeal the STOCK Act's prohibition on insider trading by members of Congress or anyone else. It did rollback the requirement that information about financial transactions by members of Congress and top Executive branch officials (Pres,VP, presidential appointees) have to be searchable on line (not just posted online). It also rolled back the public disclosure requirements (but not the prohibitions on insider trading) applicable to thousands of career civil servants.

If you would like more information, there is a lot of it to be found at the links in this post: http://www.democraticunderground.com/?com=view_post&forum=1251&pid=300470

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