We need to have transparency for stock ownership and political donations for all members of Congress. Additionally, Congress must be held to the same insider trading laws and penalties as every other citizen.
- Criminal
The maximum penalty is 25 years in prison and a fine of up to $5 million. However, a defendant may not be imprisoned if they can prove they were unaware of the relevant rules or regulations.
- Civil
The SEC can impose a civil fine of up to three times the profit gained or loss avoided. The SEC can also seek court orders to prohibit the individual from serving as an officer or director of public companies.
- Disgorgement
Individuals found guilty of insider trading must return any ill-gotten gains.