Even a looming scandal wouldn’t deter some of Congress’ most eager stock traders.” This article from Politico details the outrageous trading patterns of some members of Congress, who despite the STOCK Act, continue to trade in the securities of companies who are the influenced by their investigations and legislation. The Stop Trading On Congressional Knowledge Act became law in 2012 and was designed to prohibit members of Congress and employees of Congress from using nonpublic information derived …
Source: The Securities Law Blog: Congress Still Trading On Non-Public Information?
