Politicians from both major parties have been accused of using their positions to benefit from well-timed stock trades. Can we trust that the people we elect are acting in the nation’s best interests when the evidence suggests otherwise? In contrast, Christopher Collins, a former Republican congressman, faced full legal consequences for insider trading. In 2012, the STOCK Act was introduced to increase transparency and curb insider trading among lawmakers. While it requires timely disclosure of stock trades by politicians, many lawmakers fail to comply, and enforcement has been lax.

Source: New York Times October 11, 2024 12:51 UTC