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HomeCongressional Insider Trading: Bait and Switch
Posted by Larry Doyle on September 11th, 2013 9:57 AM |
Are people aware that Congress had meaningfully changed the legislation outlawing insider trading atop Capitol Hill? This bait and switch occurred a few months back but received very little fanfare at the time.
It deserves not only attention but real exposure. With no transparency there will never be a meaningful return of trust but that virtue is in short supply in the crony style of capitalism played in our nation’s capital. But I guess we are told to very simply “move along, nothing to see here.” I thank the regular reader who shared the following: (more…)
Jim Himes Co-Sponsors Legislation to Stop Congressional Insider Trading
Posted by Larry Doyle on November 21st, 2011 5:10 PM |
A week ago, I wrote Sense on Cents Calls Out Congress to Pass H. R. 1148 Outlawing Congressional Insider Trading.
In the midst of writing my commentary, I highlighted that:
I called my Congressman Jim Himes (D-CT) this afternoon and informed his spokesman of my initiative here at Sense on Cents. I let him know that Jim’s name will be published at Sense on Cents as supporting this legislation or not.
I got his spokesman’s attention and let him know how great the blogosphere was at spreading this type of information. He fully understood. (more…)
Sense on Cents Calls Out Congress to Pass H.R. 1148 Outlawing Congressional Insider Trading
Posted by Larry Doyle on November 14th, 2011 5:23 PM |
Why does it take an expose on 60 Minutes to create a stir in Washington on legislation which never should have to be written if our Congressmen had some principles and a conscience?
Well, perhaps basic values and principles are too too much to ask or expect of those in Congress. So how might we get Congress to move forward on H.R. 1148: Stop Trading on Congressional Knowledge Act?
What does this act do? It’s quite simple.
To prohibit commodities and securities trading based on nonpublic information relating to Congress, to require additional reporting by members and employees of Congress of securities transactions, and for other purposes.
How might we get the louts in Washington who have shelved this initiative whenever it has come up to move forward on it? (more…)
