Congressional stock trading ban finally coming?

I'd bet my life it doesn't happen.

 

Never gonna happen

 

They probably could have their spouse do the buying and selling, unfortunately.

 

One can hope, but none of us will see it in our lifetimes. They would be in effect voting themselves at 50-75% pay cut

 

From what I’ve seen, the questionnaires on opening a trading account do ask if your family members are under trading restrictions.

 

It’s definitely against the law to do that, but then again, so is the insider trading that they are already doing.

 

Pigs are not going to shut down the trough.

 

Currently reporting requirements extend to the spouse

 

As am I in some cases(companies I’m personally involved with doing the study). We have to report if we own more than 50k of the company and if it changes we have to report that. Most of the time it doesn’t matter as we are usually running double blind studies but I have missed out on some good buys over the years.

 

I have to report all stock trades over $1000 and disclose all assets. Pain in the butt.

 

Maybe buy less than 50,000 shares next time?

 

Whoa! Who’s going to take that bet?!

 

Not a person. Because we all know it won't happen!

 

lol. it’s 50k dollars.

Not too bad a problem to have I’ll admit.

 

That’s ridiculous, what field are you in? Is it only limited to individual companies or ones you only work with?

 

If it's that small, they're doing it wrong.

 

Your not factoring in all of the bribes, “donations”, and real estate connection income.

 

i'm a federal employee. I have to fill out the same forms that congressmen fill out although I dont lie on my forms.