[dmoy]

If they obtained info about this through their role as a senator/congressperson, and not just through normal channels. If I understand it correctly:

Insider trading off of classified or whatever info they get from their senate/congress job - not illegal (though imo it should be illegal). (Edit: as mandevil points out, strictly speaking illegal, but largely uneforceable/unenforced)

Insider trading off of info they got from their buddy at XYZ place who knew about something ahead of time, unrelated to their senate/congress job - still illegal, same as for other people.

[bee_rider]

Why don’t people track the investments of senators and congresspeople and race to follow them? It seems like an easy way to get nearly insider trading.

[gsuuon]

This is a thing: https://www.quiverquant.com/sources/senatetrading

[dmoy]

In 2013 the electronic disclosure part of the 2012 STOCK act was removed, so they can just disclose in some way you can't follow.

[qwytw]

Because:

> Trades executed by lawmakers or their families must be disclosed within 45 days of execution

Is probably an issue (it's it's actually insider trading).

People do track it, though:

https://www.capitoltrades.com/politicians

[ada1981]

As in they need to announce them 45 days before they make them? Or 45 days after?

[zinglersen]

After.

[ada1981]

We really ought to make them disclose them in advance like CEOs.

[dmoy]

I would be 100% supportive of all congresspeople being required to file 10b5-1 plans in advance for the whole year, for any stock holdings

[dmoy]

After