You have to keep in mind that many of these people own businesses prior to holding office. If you own stock in a company prior to taking office you should be able to keep that stock, but none should have the ability to buy or sell anything for the length of their term!
How about this? Ban Stock Trading for Congress and President - #43 by leasjahasr
Does this look like a good idea? Ban Stock Trading for Congress and President - #43 by leasjahasr
How about something like this Ban Stock Trading for Congress and President - #43 by leasjahasr
2 Likes
Don’t forget to add the public servant’s family and proxies trading stock.
3 Likes
They’ll just tell a family member to do it for them.
If they keep what they have, it would have to be locked in. They should not be able to sell something that can be affected by their lawmaking decisions.
–Attention everyone! - Please consider our proposal to MMTLP policy (Stop Naked Short Sales)!
You have been robbed too!
Highly appreciate your participation and your vote to bring awareness to this issue!
MMTLP policy (Stop Naked Short Sales)
rbh
Proposal for Congressional Policy to Address Naked Short Selling.
Making Markets Transparent Legitimate and Principled (MMTLP Policy)
Executive Summary:
Naked short selling—essentially the counterfeiting of stocks—is eroding trust in our financial markets and jeopardizing the retirement accounts of countless Americans. The case of ticker symbol MMTLP serves as a stark illustration of the pervasive issues linked to these practices. This proposal advocates for a congressional hearing to investigate the ramifications of naked short selling and to establish policies that safeguard investors and enhance market transparency.
Background:
The trading of MMTLP was halted by FINRA nearly two years ago due to what they called an “extraordinary event”. This event was never disclosed to the investors who have had their funds frozen for nearly two years. The unprecedented U3 halt of MMTLP resulted in significant financial distress for 65,000 to 100,000 investors. Despite their efforts to communicate the details of this situation to Congress, there has been insufficient support for a formal inquiry. Compounding this issue, the SEC has stonewalled congressional inquiries, while FINRA has actively resisted transparency efforts in court, preventing a clear understanding of the actual share count related to MMTLP.
Objectives:
Conduct a Comprehensive Investigation and obtain the Certified Audited Aggregate Share Count for MMTLP.
Gather Investor Testimonies. Collect firsthand accounts from affected investors to highlight the real-world impact of naked short selling on their financial security and retirement savings.
Establish a congressional hearing to delve into the practices of naked short selling and prioritize efforts to ascertain the certified audited aggregate share count of MMTLP, promoting transparency and accountability within the market.
Formulate Regulatory Reforms: Based on the findings of the hearing, propose specific regulatory changes aimed at enhancing market transparency, protecting investors, and preventing further abuses.
Rationale:
The situation surrounding MMTLP exemplifies what may be one of the largest Wall Street scandals in decades. Regulatory bodies, which are intended to protect investors, have instead contributed to their harm through inaction and resistance to transparency. A formal congressional hearing will not only bring these critical issues to light but will also empower Congress to enact meaningful reforms that restore trust in our financial system.
Call to Action:
I urge Congress to prioritize this issue by supporting the establishment of a hearing to prioritize the certified audited aggregate share count of MMTLP. By doing so, we can protect investors, ensure a fair market environment, and uphold the integrity of our financial system.
Additional Resource:
For further context on this issue, please view the following video: [Link to Video] https://www.youtube.com/watch?v=wWlLOoo9c2o 13
Thank you for considering this urgent proposal to safeguard
the financial futures of American investors.
I’m not sure I agree people that people can voluntarily give up their rights. That feels like a very slippery slope.
Now we’re talking—people will always find a way around these things. Haven’t we learned that yet?
So this should trickle down to everyone in the employ of any member of the Presidents administration as well as the staff for any siting member of congress or the senate. They have access to information the rest of the public doesn’t.
1 Like
Yes! And this should include 1st Gen or household family members!
how about that also, if there is a bill that would effect their stock (even if they owned the stock before becoming a politician) they are banned from voting on it. also maybe make is so that their stocks themselves are not exposed as to keep other “politician buddies” from helping each other out.
1 Like
Also don’t allow members of the house like Nancy pelosi
1 Like
Well, if they weren’t allowed to trade then they wouldn’t be able to have a lot of retirement accounts (IRAs, etc.) so I don’t think that would really be fair to anyone.
Maybe if there would be somewhere to see who in the government is investing in what stock?
i believe they are already given very generous retirement packages. far more than most people. which also includes health care paid for and provided by the taxpayers. just like where i am at, they have a retirement package that both i and the place i work for, put in. there is no need for them to have the ability to walk into a job that pays 179k a year but within 5, they are worth 10’s of millions of dollars
1 Like
Perhaps, they and their family members can only invest in the S&P 500, so if they want to earn money through the market, they have to help make the entire market good, not just individual companies that they give government contracts to, and invest in, before the decision is made public.
Agreed, can’t force them to sell off. If someone seeking a position holds stocks they should be able to remain holding. But no buying/selling while in a political position.
And require all politicians to disclose their income taxes every year!
Yes… We’re looking at you Paul Pelosi…
3 Likes