Re:Pelosi defends stock trading by lawmakers. ‘We are a free...
by ceejayoz on Thursday December 16, 2021 @02:32PM
(#29582711)
Three months in advance without the ability to cancel it subjects them to risk if they're trying to trade on insider info; the info could leak, change, be affected by something unexpected, etc.
Letting them do "day of" doesn't really help; if you know Boeing's gonna get the contract at 3:00pm you could just do the buy at 2:59pm. No one has time to react.
Re:Pelosi defends stock trading by lawmakers. ‘We are a free...
by bena on Friday December 17, 2021 @09:02AM
(#29592231)
These sort of things are like driving container ships, they're big, slow, and their moves are heavily telegraphed.
When Boeing thinks about inking a contract, they crow about it. By the time the contract is signed, any changes in the stock are reflected.
"Three months without the ability to cancel" is a very naive solution and creates a whole new host of problems while not really solving much.
"Day of" should be the rule. Basically, have them trade in the public eye. You could subscribe to congressional stock feeds to see what they're personally buying and selling as it happens.