Posted 4/17/2025Some people have started the discussion of eliminating stock
trading by members of Congress. Congress has an incredible advantage in the
stock market. Most members of Congress have had campaigns funded by special-interest groups, and
they can create bills that benefit their donors, thereby increasing the value
of their stock. This creates an atmosphere that can only be described as
insider trading. Insider trading is the illegal practice of trading on the
stock exchange to one's own advantage through having access to confidential
information. Members of Congress may have to disclose their stock purchases to
the public, but the purchase must be over a thousand dollars, and they have 45
days to do so according to the Stock Act (Stop Trading on Congressional
Knowledge Act)... Click Here.
Nancy Pelosiβs husband, Paul, may have been privy to some information that affected how he made trades when his wife was a member of Congress. Many people were curious as to the timing of him selling his Nvidia stock right before it lost a significant amount of its value. Representative Alexandria Ocasio-Cortez of New York, or AOC as she is known, feels that it is time to ban stock trading by members of Congress. In January of 2025, she said, βWhen members have access to sensitive information, they should not be trading in the stock market on it. It blatantly erodes the publicβs trust in government.β It would seem to constitute a dereliction of duty to engage in such activities. Click Here to check out an interesting video.