All tagged trading'

Time for a Ban on Congress Trading

Due to the pandemic and a lack of trust in the U.S. government, the ban on trading for the members of Congress has surfaced as one of the top issues within our borders. The proposal called the Ban Conflicted Trade Act has gained a lot of traction and backing from government officials, so it is just a matter of time before it is enforced. Proposed over a year ago, the bill “prohibits a Member of Congress from (1) purchasing or selling specified investments, (2) entering into a transaction that creates a net short position in a security, or (3) serving as an officer or member of any board of a for-profit entity” (“H.R.1579 - Ban Conflicted Trading Act,” 2021). This issue entered into the spotlight due to members of Congress making trades directly before and during the pandemic. This claim is backed by the multiple cases of suspect trading activities occurring at optimal times.