insider trading

A hearing this week marks a small step forward for a bill that’s gone largely ignored by Congress.

Yesterday, we ran a piece pointing out that there’s really nothing stopping lawmakers, congressional staffers and other government employees from using the non-public information they gather from their daily duties to guide investments and reap enormous profits. Although a House bill — the Stop Trading on Congressional Knowledge Act — takes steps to end the [...]

While judges must recuse themselves from cases where financial interests are at stake, members of Congress regularly invest in the very companies they regulate.