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@ISIDEWITHQuestionsDomestic PolicyStarted 3yrs agoActive 1wk ago

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…  

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671 Replies

 @6WRHQKB  from California  answered…7mos7MO

Yes, as long as their trades are public reported in real time and with strict protections against insider trading

 @9WMMCM9 from Florida  answered…7mos7MO

No, put all assets into a blind trust and have regular audits of their family and other associates to prevent insider trading.

 @84ZWD6LLibertarian  from Pennsylvania  answered…1yr1Y

No, and the ban should extend to family members. All holdings must be sold before swearing into office

 @7PTCG38Democrat from Wisconsin  answered…2yrs2Y

No, and substantially increase the financial penalties for insider trading

 @6LD9R27Socialistfrom Massachusetts  answered…3yrs3Y

No, and increase the punishment of insider training severely

 @9CBZCTX from Michigan  answered…2yrs2Y

Yes, only if their profits go to their consituatiants

 @Angreji_JalebiSocialistfrom Texas  answered…2yrs2Y

When it comes to those who serve in public office, whether they are congressmen and women at both the state and national level, and even other members of the government, we need to have a safeguard system in place to prevent insider trading, and to prevent our elected officials from taking advantage of the system. It would be of interest to have a government oversight financial committee, or a third party financial system where there are independent financial advisors that run each elected officials investments. Every investment is made public and taken note of, and if anything happens, it would be taken care of in the appropriate manner, in relation to the situation at hand.

 @84ZWD6LLibertarian from Pennsylvania  answered…2yrs2Y

No, and the ban should extend to family members. Investments made before serving in office should be sold before taking office

 @84ZWD6LLibertarian from Pennsylvania  answered…2yrs2Y

No, and the ban should extend to family members (Not including privately managed accounts). Investments made before serving in office should be held in a blind trust managed by an independent person or group

 @84ZWD6LLibertarian from Pennsylvania  answered…2yrs2Y

No, and the ban should extend to family members (Not including privately managed accounts like 401k's and 529's). Investments made before serving in office should be held in a blind trust managed by an independent person or group

 @84ZWD6LLibertarian from Pennsylvania  answered…2yrs2Y

No, and the ban should extend to family members. Investments made before serving in office should be held in a blind trust managed by an independent person or group

 @97564H6 from Utah  answered…3yrs3Y

No, and the government should nationalize the economy.

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 @ISIDEWITH submitted…7mos7MO

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 @ISIDEWITH submitted…6mos6MO

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