Senator dumped up to $1.6M of stock after reassuring public on Covid-19

Re:Senator dumped up to $1.6M of stock after reassuring publ... by dugmartin on Thursday March 19, 2020 @06:10PM (#22632281)

I believe congress is exempt from insider trading laws.

Edit: looks like I was wrong. Thanks for the links.

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Re:Senator dumped up to $1.6M of stock after reassuring publ... by frizkie on Thursday March 19, 2020 @06:13PM (#22632305)

According to the STOCK Act of 2012 [0], members of Congress are not exempt from insider trading laws.

0: https://en.wikipedia.org/wiki/STOCK_Act

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Re:Senator dumped up to $1.6M of stock after reassuring publ... by jjeaff on Friday March 20, 2020 @12:30PM (#22638893)

And check out the only 3 senators that voted against the stock act... that's right, this guy is on of them.

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Re:Senator dumped up to $1.6M of stock after reassuring publ... by a3n on Thursday March 19, 2020 @06:12PM (#22632302)

I don't think so. Most recently there was a congressman from an east coast state convicted of same or at least similar, as I recall. I might recall incorrectly.

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Re:Senator dumped up to $1.6M of stock after reassuring publ... by tanderson92 on Thursday March 19, 2020 @06:40PM (#22632519)

Chris Collins (R-NY).

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Re:Senator dumped up to $1.6M of stock after reassuring publ... by chrisbennet on Thursday March 19, 2020 @07:09PM (#22632747)

They were (exempt) but they passed a law to make it illegal though I believe they watered down. Previous to the law it wasn't illegal for them to do insider trading.

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