Should members of Congress be allowed to trade stocks while serving in office?
Congress passed the Stop Trading on Congressional Knowledge Act (STOCK Act) in 2012, following more than 10 years of allegations of insider trading by members of Congress and staff. Initially introduced in 2006, Rep. Louise Slaughter (D-NY) and Rep. Brian Baird (D-WA) drafted the STOCK Act in response to insider trading allegations against Tony Rudy, a top aide to the onetime House Majority Leader Rep. Tom DeLay, as well as an insider trading scandal faced by Senate Majority Leader Bill Frist in 2005. Critics argue that The STOCK Act has failed to achieve its goal of penalizing members for…
Read more@ISIDEWITH2yrs2Y
No
@9HXHZVSIndependent3mos3MO
Brian higgins increased his increased his money by trading stocks by 238.9% Thats way more tyhan the averge person could do.
@ISIDEWITH1yr1Y
No, and do more to prevent insider trading by their friends and family
@9DZR42M7mos7MO
@ISIDEWITH2yrs2Y
@ISIDEWITH2yrs2Y
Yes
@9FLV5H36mos6MO
just show us where the money comes and goes, i don't think congress should be be crooked and get bloody rich
@9HXHZVSIndependent3mos3MO
This is the United States of America regular people have the freedom to change stocks therefore congress people should have that freedom as well.
@ISIDEWITH2yrs2Y
@ISIDEWITH1yr1Y
@9J4BFZW2mos2MO
No, their investments should be held in a blind trust and more should be done to prevent insider trading by their family, friends and coworkers
@97MLL8T1yr1Y
there should be no congress
@96T2WVQ1yr1Y
Yes, but with strict protections against insider trading and their investments should be held in a blind trust UNTIL they are NO LONGER IN OFFICE. This could be considered INSIDER TRADING otherwise.
@9G3DHMG6mos6MO
No, and their investments should be held in a blind trust as well as doing more to prevent insider trading by their friends and family.
@9GTY55Z5mos5MO
No, and their investments should be held in a blind trust and do more to prevent insider trading by their family and friends, such as all family members must report their trades in real time.
@9C2W4QR10mos10MO
Yes, but not individual stocks.
@9BXBCTN11mos11MO
Yes, but with strict protections against insider trading and as long as their trades are publicly reported in real time
@93MGBSN2yrs2Y
No, and their investments should be held in a blind trust and they should be audited before running for election
No, and substantially increase the financial penalties for insider trading
@99KTMZP1yr1Y
Yes, but only trades accessible to all citizens, and every one of their transactions should be published on-line in real-time, 24 hrs in in advance, with all citizens having the right and opportunity to make (if they choose) the same investments during that 24 hrs (e.g., have a "Nancy Pelosi" investment fund open to all) that match those of any congressperson, if they choose. Who wouldn't want to invest in a Nancy Pelosi index fund?
@98MMCB51yr1Y
I would say no but. To be honest I would just be more worried about what and who they are trading with.
If they are trading with an Enemy of The United States Of America such as Afghanistan or Russia or China or Vietnam or Cuba or North Korea or Palestine then no they should not be allowed to trade while in Congress. However if they are trading with an American ally like Taiwan or Israel or Canada or Germany I could really care less..
@488L62JLibertarian12mos12MO
Yes, but with strict protections against insider trading and their trades publicly reported in real time.
@99NZGT51yr1Y
I don’t know what this is
@97YM23V1yr1Y
@97FZC4GRepublican1yr1Y
No and any immediate family should be barred from trading stocks to benefit that member of congress until retirement or leaving office.
@977QM3LLibertarian1yr1Y
No, and it should be considered insider trading if they do trade stocks in office.
@96VY8BP1yr1Y
No, seize their stocks and break them up and also, arrest those corrupt politicians who sell stocks.
@935M6NN2yrs2Y
No, and abolish the stock market.
@8YM9VBP2yrs2Y
@9KZVC281wk1W
no, and all assets of politicians that do should be seized by the federal government and reinvested into a sovereign wealth fund
@9KXQKXCRepublican2wks2W
Only fair trading up to 10% of their actual annual pay (~$20,000) per year. Can’t include any other income for investment.
@9KXPPZ32wks2W
Yes, and record all stock trading dates, and other details by members of congress in government records
@9KVWCRD2wks2W
Yes, all trading accounts should be in a managed blind trust with a strong Chinese Wall assuring any information gained from the elected position cannot be used to enrich the elected official.
@9KRL6QH3wks3W
No; Increase penalties for violating the act, do more to prevent insider trading by their friends and family, and put their investments in a blind trust
@9KJHQ4V3wks3W
Yes, but with strict protections against insider trading such as not being able to buy or sell in sectors that the members of Congress have influence
@9KGSD9S4wks4W
no, the trading should be done by financial professionals and they should trade within an etf that politicians and the general public may be allowed to purchase shares of the etf.
@9KC7KKX1mo1MO
Yes, with the same money rules as with citizens and a greater restriction for trades with other political leaders
@9K65DV6Libertarian 1mo1MO
They should be limited to SP 500 or to trades that cant take effect for 6 months for individual stocks at market value
@9K4Y7VJRepublican1mo1MO
They should go to jail and be prisoned for a long time, if trump is arrested than so should hillry and Nancy Pelosi be.
Deleted1mo1MO
Neutral, but make it the law where they can do that while offices but they can't be favouritism towards companies.
@9JTY6YB 2mos2MO
No, any investments before should be completely liquidated, and not allowed to purchase for 10 years out of office.
@9JQGRZZ2mos2MO
Yes as long as they wait for information to be released to the public before they trade and all trades made are public.
@charlie3sticks 2mos2MO
Yes, but only if we are allowed to give every new born baby a $50K 401K that is traded off Nancy Pelosi's stock bot.
@9JBS55CRepublican2mos2MO
Yes, but only if their investments are placed into a blind trust where the member of Congress has no knowledge or control of the investments.
@9J9VTVC2mos2MO
Yes, but with protections against insider trading from all indivduals that have relations and are related.
@9J9BL352mos2MO
No, politicians should have to forgo all material and financial possessions as soon as they take office. They should live like Buddhist monks in the poorest/roughest area that they represent. This is the only way to make sure that they serve everyone.
@9J65GLB2mos2MO
Yes, but members of Congress should be prohibited from trading individual stocks while being permitting to invest in assets such as exchange-traded funds (ETFs) which are inherently diversified and mitigates corruption and ability to act on insider information.
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