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by rtkwe
441 days ago
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The STOCKS Act requires trade disclosures within 30 days but the penalty is only $200 so in theory it lags at most 30 days and maybe less depending on the whims of the Rep/Senator in question. More info at the link below, there are predictably some problems with compliance and the lag means the price change they were potentially reacting to might have already happened but there are examples where it hadn't. eg: We learned about some Members dumping stocks after the confidential briefing before COVID really hit the US. https://campaignlegal.org/update/congressional-stock-trading... |
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