Please also disallow Congress from trading in the US stock market with their inside information.
this post was submitted on 11 Mar 2024
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Not sure that's part of the budget plan. It would probably have to be a separate law passed by Congress that they definitely would not vote for.
The problem is it’s typically their families that do the stock trading, and i you can’t extend employment contracts to unrelated parties. Even if you did do it with a law, people will still talk with their friends. This is part of the reason why insider trading is so difficult to prosecute and enforce outside of the blinding obvious.
But I think you have to do it anyway— with the threat of investigation and prosecution for the sharing of insider information.
Right now it’s just tacit approval.
Every 2 years it’s talked about banning trading for them to appease the public, then a long delay, then nothing occurs.
They are robbing retail’s money in plain sight.
Ohh no, they should ban it. I just don’t expect it to do anything.
Yes— thank you. I’m tired of their nonsense. It’s completely unethical.
Please also disallow ~~Congress from trading in~~ the ~~US~~ stock market ~~with their inside information~~.
One small adjustment and it's perfect!
It's about time. Hopefully Canada will follow. We've about had it with high inflation, high rents and properties, and low wages, while near-monopolies gouge us. Monopolies that are getting tons of tax payer funded subsidies.
All while our social safety net and infrastructure is crumbling under decades of cuts and austerity measures.
Impressive! Watch this get watered down 4 times before it actually passes...
Yah, well, I'll believe it when I see it.