Peter Schweizer, author of the 2011 book “Throw Them All Out,” said it’s still “very hard” to prove a member of Congress has engaged in insider trading despite the passage of the STOCK Act almost 10 years ago.Schweizer called on Congress to ban lawmakers from buying and selling individual stocks.
“What they essentially did was loosen the law where it described insider trading,” he told the John Solomon Reports podcast. “It’s very, very hard now to prove that an elected official is engaged in insider trading. That part of the law is almost meaningless. And even as it applies to the frequency of disclosures, as you’ve pointed out, a lot of them just fail to file those reports.”
According to a recent NPR report, lawmakers on …
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