Republicans in the House unveiled a insider trading bill with a provision that will affect the executive branch and put them under the same rules as Congress. House Republicans also scraped a Senate-approved amendment that would require political-intelligence practitioners to share their activities and be regulated like an interest group. Political-intelligence industry is mainly focused on watching Congress and Presidential laws that could affect share prices. In turn, they are able to make a profit based on their lobbying for stock price changes.
My belief, without getting too political, is that no one is the government should be able to do something that is otherwise considered illegal for the rest of us citizens. Insider trading should not be allowed by anyone in the United States (or anywhere for that matter). If it is illegal for US citizens it should be illegal for our representatives and our president.
These Are John Buckingham’s Stock Picks For 2021
The economy remains in distress, although there are signs of recovery underway. John Buckingham of Kovitz, editor of The Prudent Speculator newsletter, has found that value stocks typically outperform coming out of economic downturns. Thus, he argues that this is an excellent time to be a value investor. Q4 2020 hedge fund letters, conferences and Read More