Legal in that there isn’t a specific law against it. Several Reps and Senators at various times have proposed a ban on Congresspeople trading individual stocks (presumably they could still have index funds, mutual funds etc.) but shockingly enough those measures didn’t pass.
100% legal. they carved out exemptions specifically for themselves, and forced a 30 day delay on normal humans from knowing what they purchase/sell. in writing.
this isnt news. insider trading is completely legal if you work for or are related to a congressperson.
Legal or not enforced?
Legal in that there isn’t a specific law against it. Several Reps and Senators at various times have proposed a ban on Congresspeople trading individual stocks (presumably they could still have index funds, mutual funds etc.) but shockingly enough those measures didn’t pass.
legal corruption. the US probably has an official stamp for this shit.
100% legal. they carved out exemptions specifically for themselves, and forced a 30 day delay on normal humans from knowing what they purchase/sell. in writing.
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