U.S. Congress’ Insider Stock Trading Scandal Expands

In Analysis by Michael Rae

Business Insider‘s Dave Levinthal broke a big story in the week before Christmas 2021. After a five-month investigation, he found 52 members of Congress and 182 senior congressional staffers have violated the STOCK Act.
What Is the STOCK Act?
The Stop Trading On Congressional Knowledge (STOCK) Act is an anti-corruption law. It requires lawmakers and employees of the Congress, along with their close family members, to report all their investment transactions involving individual stocks, bonds, and commodity futures to regulators. The law aims to prevent members of Congress and their staff members from cashing in on the insider knowledge they possess of

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