Congress stock trading

Liberty
1

To prevent insider trading, Congress members, senators, and those in power should only be allowed to invest through a blind trust or proxy, ensuring transparency and accountability. This safeguard prevents potential exploitation of sensitive information for personal gain.

Key Provisions

  • Blind Trust Requirements: Mandate that all Congress members and senators invest through blind trusts or proxies.
  • Disclosure Requirements: Require regular disclosure of financial transactions to prevent hidden dealings.
  • Insider Trading Prohibitions: Explicitly prohibit insider trading, with clear penalties for violations.

The STOCK Act of 2012 already prohibits insider trading by Congress members and staff, but strengthening regulations can enhance public trust Âą. This proposal aims to:

  • Prevent conflicts of interest
  • Maintain public confidence in government
  • Ensure accountability and transparency

By implementing these measures, we can restore faith in our government and prevent potential abuses of power.

3 Likes
2

Congress, senators, and those in power should be subject to the same trading restrictions as employees at any bank, asset manager, or hedge fund.** If banks can enforce these rules for all their employees globally, with the SEC regulating and brokerages already reporting, it should be trivial to implement and apply similar restrictions to our politicians and their staff.