Tag Archives: insider trading

New Report Finally Exposes Congress’ Secret Weapon for Insider Trading

By James Holbrooks. Published 9-27-2017 by The Anti-Media

Photo: Kevin Hutchinson (Flickr) [CC BY 2.0], via Wikimedia Commons

It’s rare that we get a glimpse into how the machine actually operates, but POLITICO just gave us one. The findings of an investigation by the news agency, published Monday, reveal that congressional staffers may play a far larger role in greasing the engine of American government than one might assume. From the article by Maggie Severns:

“A POLITICO review of federal disclosures for 2015 and 2016 found that some senior aides regularly buy and sell individual stocks that present potential conflicts of interest with their work. A smaller number of staffers trade in companies that lobby Congress and the committees that employ them. In all, approximately 450 aides have bought or sold a stock of more than $1,001 in value since May 2015.

“That’s likely just the tip of the iceberg, since most congressional aides aren’t required to report their trades. Only those in positions earning more than $124,406 per year must reveal their investments. Of the 12,500 staffers working for lawmakers, committees and leadership offices, only about 1,700 make that much, according to data compiled by Legistorm and the Brookings Institution.” Continue reading

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