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Why Congress Shouldn't Sell Stocks
In august, i wrote a friday edition about whyi believe that members should not be allowed to trade stocks. In 20 20, senators richard burr kelly loffler, dian feinstein and james inhof were accused of dumping millions of dollars of stocks after receiving non public briefings on the threat of cove 19 investigations into all four members were eventually dropped. Since 20 12, only one member of congress, representative chris collins, a republican from new york, has been convicted of insider trading. After a pharmacutical executive told collins during a white house picnic that a drug had failed clinical trials, Collins called his son and told him to dump the stock