Insider Trading And Congress: How Lawmakers Get Rich From The Stock Market

Don't expect the people making the laws to be in a rush to limit their power.

Our Congress people should not be allowed to invest in any private sector business dealings.

“Show me a man that gets rich by being a politician, and I'll show you a crook.” ― Harry Truman

Remember these guys voted for us to receive a $600 stimulus check

So law makers work for themselves not the people who put them in office? shoooocking....

insider trading is one of the main reasons they want to be politicians in my opinion.

bruh a low level fed employee would be in jail for this crap. This needs to apply to president, vp, & judges as well.

Athletes aren’t allowed to gamble on games their involved in.

Everyone knows there are 2 different sets of rules in the US- one for lower and middle class taxpayers and one for upper class rich and powerful.

just throw them all in prison. no fines. just long sentences.

Why are members of Congress even allowed to own stocks? Isn’t this a blatant example of a conflict of interest.

Banning legislators from investing in individual stocks is actually a really good idea, I’m surprised it’s taken so long to bring this up

You know, Martha Stewart went to jail for the same thing that this couple did. Now she is up for Senator of Georgia.

The very definition of CROOKS!

Imagine Having $1,000,000+ Dollars knowing exactly what laws and rules are going to be passed before the public. Take that knowledge, examine the public companies in which those laws and rules will benefit or take a hit then Bet "on or against" those companies. You absolutely can't lose even if you tried!!

“In the House, there were at least 1,358 transactions, ranging up to a total of $60.5 million by 37 House representatives. Of those transactions, some members of Congress were strategically buying stocks in companies that might see a boost during the crisis, as well as selling stocks that seemed likely to tank,” said a report from the Campaign Legal Center. Why would you even be considering re-electing these people ? Dean Phillips of MN the fifth-wealthiest member of the House, was one of 37 U.S. representatives unloaded stocks in companies that were expected to be harmed by the pandemic and purchased stocks in companies that benefited from the public-health crisis on February 28th. On that same day, Phillips purchased stock in Abbott Laboratories which received four emergency use authorizations from the FDA for its COVID-19 tests. He also purchased stock in Baxter International, a multinational health care company that has experienced “significant revenue growth” because of the pandemic, a medical industry publication reported. A purchase for stock in ViacomCBS Inc. is also listed on the first-term congressman’s Periodic Transaction Report, a disclosure form all members of Congress must complete after selling or buying stocks in excess of $1,000. February 28 is again listed as the transaction date. Phillips sold up to $15,000 in preferred securities in AerCap Holdings, the self-described “world leader in aircraft leasing.” The congressman also dumped stocks in the department store Macy’s and a company called Simon Property Group, a “real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations.” Both transactions occurred on February 28th. Overall, Phillips purchased up to $225,000 and sold up to $335,000 worth of stock on February 28. The pandemic was not declared a national emergency until March 13 and the federal government did not ban travel from European countries until March 11. The 2012 “Stop Trading on Congressional Knowledge Act” prohibits lawmakers and their senior staff from making trades based on nonpublic information. The Department of Justice opened investigations in March into four U.S. senators who sold stocks after they were briefed on a possible economic downturn. The investigations into all but one of them have been closed. And this is where the virus gets politicized and winners and loosers were predetermined. Because of where the monetary gains are to be had and their influence to suppress as well as build up certain sectors for ones personal gain. These lawmakers are making decisions based on their pocket book, not for the good of the people. WAKE UP. Joe Biden is Compromised too by Foreign Influence. Vote out Dean Phillips, Kendall Qualls, who is running against Phillips in the 3rd Congressional District, said “the timeline speaks for itself.” This is a question of morals and ethics. Folks like Dean Phillips thought of themselves First at the cost of others. Why would they be interested in opening backup the country in certain sectors when they sold their Vested Interests. These are the folks we need to remove from office, they sold out for gains, power and influence. They are compromised. They have no Business chastising Trump for anything, these rats jumped the ship before alerting the public. PERIOD! DRAIN THE SWAMP!!

Another good reason for term limits.

Whole system is corrupt

More of this sort of story.

thank you so much. i have a presentation on this next week