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this post was submitted on 05 Jan 2024
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politics
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And zero tolerance - as in NO tolerance whatsoever - on insider trading.
Not ONE of them should be allowed to put anything into the market, except for some kind of automatic payments steadily pushed (NOT timed) into index funds only. And they'll be told that ALL of their contacts and friends and family will be very closely watched. All of their communications can be pulled by the SEC if need be if their is any suspicion of them giving insider information to anyone else. And it's one strike, and you are out. You are removed from office and do prison time if found guilty of this.
The American people are so sick of this stuff. The dishonest right wing talks about the likes of Pelosi, well guess what, she can rot in prison too if she violates these proposed rules. The fact is plenty of Republicans are doing it. But the problem is right now it's legal.
Yeah I mean, they're still going to find some ways to profit off the position but we can at least make a solid attempt to keep them from doing it. Thing is there's a lawmakers there's no way they're going to ever agree to it.