EXPOSED: 182 DC Politicians & Staff CAUGHT Insider Trading | The Kyle Kulinski Show
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At least 182 of Capitol Hill's most influential and highest-paid staffers have blown past deadlines to detail and disclose their personal stock trades — violating a federal conflict-of-interest law in the process, an Insider analysis of congressional financial documents reveals.
The staffers' failure to properly disclose the transactions come with a laundry list of excuses and rationalizations. They're also a violation of the Stop Trading on Congressional Knowledge Act, a 2012 law designed to prevent insider trading and defend against financial conflicts among elected officials and their top aides.
Insider's tally includes aides in both the House and the Senate with high-ranking jobs such as chiefs of staff, legislative directors, and communications directors. Also among them are workers known as professional staff members, who serve on congressional committees to advise lawmakers on policy.
High-ranking congressional staffers often wield significant influence over their elected bosses. Many also regularly meet with special interests and corporate lobbyists, who could conceivably represent a company or industry in which a congressional staffer personally invests. That's why a law President Barack Obama signed almost a decade ago obligated senior staff to disclose their stock trades, just as lawmakers had to.
https://www.businessinsider.com/congress-staff-violated-stock-act-conflicts-of-interest-possible-2021-12
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