Ban ALL POLITICIANS from INSIDER TRADING

Economy
1

Insider trading is defined as: “ Trading in a public company’s stock by someone who has non-public, material information about the company” (Investopedia). There are countless apps to “track politicians stocks” and a remarkable amount of users get massive returns when they do this. Truth is though, that these politicians have insider information that influence the way they invest, and by the time those apps get the information about how they invest, the person doesn’t get as big of a return as the politician does. This is an unfair advantage above the regular American people.

Politicians are supposed to be people of service, not greedy and looking for their own best interest. Banning insider trading would give politicians incentives to pass laws that actually benefit the country, and not line their pockets, as well as the pockets of the companies that they have stock in.

11 Likes
2

It’s already illegal. No one is enforcing the laws on the books.

2 Likes
3

Agree and perhaps we need to take this further. We are required to provide how we will spend our Federal budget for 5 future years—outlining the contractor and the amount of funding we expect to award them. As a Federal employee it is unlawful for me to use this to buy stock (as it should be). Why do others up the chain need this info? What benefit is there? We were previously told Congress needs this info to which I said some of them may not be in office during 2028 or 2030. Now higher echelon claim Dept of Army needs it. We previously only provided current budget year and projections for the next fiscal year.