An analysis by The New York Times found that 97 current members of Congress bought or sold stocks, bonds, or other financial assets that intersected with their congressional work.
There have been many instances of members of Congress failing to comply with the law. They offer excuses for ignorance of the law, clerical errors, and accounting errors. House and Senate ethics officials usually waive the fines for lawmakers who violate the STOCK Act, where the standard amount is $200.
“This Is Insider Trading” Charles Payne
The STOCK Act, which was signed into law by President Obama in 2012, is designed to prevent lawmakers from using their positions to benefit themselves financially.
sources: Fox Business
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