Congressional Insider Trading
Insider trading is illegal on Wall Street. It should be illegal in Congress too.
A dangerous legal loophole still exists which allows members of Congress and high-powered executive branch appointees to exploit their inside knowledge of the financial industry in order to turn personal profit.
Under current law, those who have access to the privileged "non-public information" gathered through official oversight proceedings can use that information with impunity for personal benefit in financial trades.
What's more, lobbyists and traders who haunt the
halls of Congress – known as "political intelligence consultants" –
can seek insider information from congressional staff to enrich themselves and
their clients.
The congressional insider trading loophole must be closed.
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