The aides identified by the Journal say they didn\’t profit by making trades based on any information gathered in the halls of Congress. Even if they had done so, it would be legal, because insider-trading laws don\’t apply to Congress.
The aides identified by the Journal say they didn\’t profit by making trades based on any information gathered in the halls of Congress. Even if they had done so, it would be legal, because insider-trading laws don\’t apply to Congress.
http://www.professorbainbridge.com/professorbainbridgecom/2010/10/more-evidence-of-insider-trading-inside-the-beltway.html
Further analysis and a (small) quibble from Prof. Bainbridge. YMMV because, well, he’s a law prof in an arcane field…
Was there ever any truer aphorism than that when legislation is bought and sold, the first things to be bought and sold are the legislators?