That’s incorrect. The SEC is responsible for holding Congress accountable to the insider trading laws already in place. Congress is not exempt, nor are they charged with self-policing.
My comment was meaning to say that the only people who can put laws in place to stop politicians from being able to participate in trading stocks are politicians.
Clearly the laws in place do not stop them currently.
I follow, but that’s not correct. The laws are already preventing them from insider trading. The SEC is not holding them accountable. More laws won’t change the lack of enforcement. Pressing the SEC to do their job is the solution.
There is no reason to worry about enforcement of insider trading, after a law is passed to prevent them from holding any stocks at all (except maybe index funds)
Sure, ideally. While we’re waiting for a 2/3 congressional majority, wouldn’t it make sense to focus on getting the SEC to hold them accountable to the laws that are already in place?
The only people who can stop politicians from being able to participate in the stock market is politicians and well…
Some of the founding fathers were even benefiting from stock and bond trading and selling.
Some of the founding fathers owned slaves. I don’t think they’d have much of a problem with this
That’s incorrect. The SEC is responsible for holding Congress accountable to the insider trading laws already in place. Congress is not exempt, nor are they charged with self-policing.
https://www.congressionalinstitute.org/2018/08/16/can-members-of-congress-engage-in-insider-trading/
My comment was meaning to say that the only people who can put laws in place to stop politicians from being able to participate in trading stocks are politicians.
Clearly the laws in place do not stop them currently.
I follow, but that’s not correct. The laws are already preventing them from insider trading. The SEC is not holding them accountable. More laws won’t change the lack of enforcement. Pressing the SEC to do their job is the solution.
There is no reason to worry about enforcement of insider trading, after a law is passed to prevent them from holding any stocks at all (except maybe index funds)
Sure, ideally. While we’re waiting for a 2/3 congressional majority, wouldn’t it make sense to focus on getting the SEC to hold them accountable to the laws that are already in place?