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by JumpCrisscross 2910 days ago
> members of Congress are not allowed to trade on information for which they are bound by either a confidentiality agreement or a fiduciary duty

Prior to 2012, Congress was actually explicitly permitted to insider trade. That was fixed by the STOCK Act [1]. It doesn't make it easy to pull up records, but it does close the loophole.

[1] https://www.npr.org/sections/itsallpolitics/2013/04/16/17749...

1 comments

Yes, but I'm talking about the myth that gets perpetuated post-2012.