Don't expect the people making the laws to be in a rush to limit their power.

Our Congress people should not be allowed to invest in any private sector business dealings.

Remember these guys voted for us to receive a $600 stimulus check

“Show me a man that gets rich by being a politician, and I'll show you a crook.” ― Harry Truman

bruh a low level fed employee would be in jail for this crap. This needs to apply to president, vp, & judges as well.

So law makers work for themselves not the people who put them in office? shoooocking....

Everyone knows there are 2 different sets of rules in the US- one for lower and middle class taxpayers and one for upper class rich and powerful.

insider trading is one of the main reasons they want to be politicians in my opinion.

Why are members of Congress even allowed to own stocks? Isn’t this a blatant example of a conflict of interest.

Athletes aren’t allowed to gamble on games their involved in.

just throw them all in prison. no fines. just long sentences.

“In the House, there were at least 1,358 transactions, ranging up to a total of $60.5 million by 37 House representatives. Of those transactions, some members of Congress were strategically buying stocks in companies that might see a boost during the crisis, as well as selling stocks that seemed likely to tank,” said a report from the Campaign Legal Center. Why would you even be considering re-electing these people ? Dean Phillips of MN the fifth-wealthiest member of the House, was one of 37 U.S. representatives unloaded stocks in companies that were expected to be harmed by the pandemic and purchased stocks in companies that benefited from the public-health crisis on February 28th. On that same day, Phillips purchased stock in Abbott Laboratories which received four emergency use authorizations from the FDA for its COVID-19 tests. He also purchased stock in Baxter International, a multinational health care company that has experienced “significant revenue growth” because of the pandemic, a medical industry publication reported. A purchase for stock in ViacomCBS Inc. is also listed on the first-term congressman’s Periodic Transaction Report, a disclosure form all members of Congress must complete after selling or buying stocks in excess of $1,000. February 28 is again listed as the transaction date. Phillips sold up to $15,000 in preferred securities in AerCap Holdings, the self-described “world leader in aircraft leasing.” The congressman also dumped stocks in the department store Macy’s and a company called Simon Property Group, a “real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations.” Both transactions occurred on February 28th. Overall, Phillips purchased up to $225,000 and sold up to $335,000 worth of stock on February 28. The pandemic was not declared a national emergency until March 13 and the federal government did not ban travel from European countries until March 11. The 2012 “Stop Trading on Congressional Knowledge Act” prohibits lawmakers and their senior staff from making trades based on nonpublic information. The Department of Justice opened investigations in March into four U.S. senators who sold stocks after they were briefed on a possible economic downturn. The investigations into all but one of them have been closed. And this is where the virus gets politicized and winners and loosers were predetermined. Because of where the monetary gains are to be had and their influence to suppress as well as build up certain sectors for ones personal gain. These lawmakers are making decisions based on their pocket book, not for the good of the people. WAKE UP. Joe Biden is Compromised too by Foreign Influence. Vote out Dean Phillips, Kendall Qualls, who is running against Phillips in the 3rd Congressional District, said “the timeline speaks for itself.” This is a question of morals and ethics. Folks like Dean Phillips thought of themselves First at the cost of others. Why would they be interested in opening backup the country in certain sectors when they sold their Vested Interests. These are the folks we need to remove from office, they sold out for gains, power and influence. They are compromised. They have no Business chastising Trump for anything, these rats jumped the ship before alerting the public. PERIOD! DRAIN THE SWAMP!!

Banning legislators from investing in individual stocks is actually a really good idea, I’m surprised it’s taken so long to bring this up

You know, Martha Stewart went to jail for the same thing that this couple did. Now she is up for Senator of Georgia.

Imagine Having $1,000,000+ Dollars knowing exactly what laws and rules are going to be passed before the public. Take that knowledge, examine the public companies in which those laws and rules will benefit or take a hit then Bet "on or against" those companies. You absolutely can't lose even if you tried!!

The very definition of CROOKS!

Another good reason for term limits.

Right, being a congressman or woman is not enough. $100,000+ salary is not enough. Having paid-vacation is not enough. Having the best benefit the country can provide is not enough. Yet, they can't even give us our money during the pandemic. Yet, they can't help us with our student loan when we are drowning in them. Yet, people are dying because they afraid to go to the doctor. So, this is the greatest country in the world?

The 2012 Stock Act. Passed by Law Makers To reign in their illegal insider trading. Yet, they’re still allowed to break the law as long as they report their actions within 45 days. And not one law makers been prosecuted in the ten years since they passed the law. RIDICULOUS

More of this sort of story.

thank you so much. i have a presentation on this next week

I don’t understand how this isn’t bipartisan.

Whole system is corrupt

Can't believe it's still legal in the US

But nothing happens to them as a consequence

The moment they can change the course of this stock with their decisions, they shouldn't be able to invest in individual stocks. Period.

Why are they not in jail like everyone else would be

If Financial Advisors must follow conflict of interest principals for their clients, why not Congress/Senators for US Citizens? Would make sense to be required to divest individual stocks into an index fund (S&P500?) upon election. Therefore, aligning their interest in guiding the US Economy, as a whole, to prosper. Then, after leaving office they can buy all the individual securities they wish.

1:00 sounds a lot like The Big Short and the institution that's rating bonds getting funded by the banks making the bonds...

“The federal government has taken too much tax money from the people, too much authority from the states, and too much liberty with the Constitution.” -Ronald Reagan

You forgot pelosi in the thumbnail haha

Whoa what a coincidence, I just started watching Billions. Great show imo. Anyone else seen it?

My strength last week was losing money unfortunately. Everything i tried was just a failure, and I wiped off several weeks worth of gains. I’m still learning how to trade but after this week it seems like I should take a break.

Can someone explain the difference between a gang/mafia and Government?

They are able to actively trading and still do their job?! 🤯

What happened to the earlier version of this video?

Bipartisan issue we can all agree on: Kelly Loeffler (R-GA), Dianna Feinstein (D-CA), and James Inhofe (R-OK)and Sen. Richard Burr (R-NC) should be in prison for Insider Trading.

Hahahaha thank you CNBC for correcting your basis points foul up.

Despite the economic crisis, this is a Still a good time to invest in Gold and Crypto

We have known this for awhile. Politicians and insiders of companies always have first dibs and even if they themselves don't take part, they can advise friends and family members of firsthand information that the public does not have access to.

Prosecute corrupt politicians just like we prosecute businessmen who insider trade! This is ridiculous how politicians get away with so much!

All we ask is they tell us too lol

I honesty would say that members of the government should be allow to be own stocks and people who work in major corporations shouldn’t be allow to run the government agencies. But at the minimum they should put the stocks in a blind trust.

Who knows, if politicians are prevented from getting rich from trading maybe we will get actual people who will legislate for its citizens and stop getting rich people to represent us or corrupt people. Getting elected to Congress must be a service to the people, not a financial venture to get rich.

Well, it's becoming more obvious now than ever before there is a serious conflict of interest. GME is being shorted by Marvin > Marvin gets bailed out by Citadel > Citadel paid the Treasury Secretary $800,000 in speaking fees in December. I'm not saying all of the top dogs in the government are involved. But I will gladly say most of them are. When the average professional trader cannot outperform the S&P over a 12 year period, how are these congress members making 3-4 times as much profit compared to the S&P? It's so blatant, but they don't even care. The people who would punish them for insider trading are in on it too. Nobody wants to squeal first.

As the economy crisis keep rising,one needs to have different stream of income, one needs to have a diversified portfolio in order to survive

Very insightful 👍

This is why it’s wild that we measure economic stability by the stock market. Or the unemployment rate- a rate only measured by how many unemployed people are actually eligible for UI, meaning they had a stable job to begin with. Maybe measure it by the percentage of income one spends on housing. Or how many hours one has to work to pay for that housing. Or whether someone working 60 hours a week can afford to break their arm, or if instead that would start an economic unraveling for that person that would leave them untreated, unhoused, and uninsured.

The rich stay rich by not spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich

The obvious rule would be to forbid any member of Congress-and members of their households-from buying, selling or trading any securities, from taking office until leaving office. Upon passage, sitting members would get a 2 week grace period to make any changes before their portfolios lock down for the remainder of their tenures.

That's why I don't trade or try to time the market. The big dawgs always win

The easiest solution would be that members of Congeess can't own individual stocks. Instead limit them to owning etf funds.

We would be BETTER with a system that places the stocks and assets of politicians in a BLIND TRUST that is PROPORTIONAL to a QUALITY OF LIFE INDEX. Work for the nation to better yourself. Just as the OATH TAKEN says. NO BRIBERY

What it is, is that Congress listens to corporate business people, and corporate business people will pay them to pass certain regulations to ease another regulation in order for that particular business to profit from. This is how laws and regulations are passed. Big corporate businesses have money to spend, and these Congressmen and women go in and conduct business to look after these companies. Some companies don’t get the grease, some companies do. Put enough money on the table, and state your case you can anything passed through Congress. But this how it’s done.

Does the us have a federal icac?

Great investigative reporting! Time to restrict politicians from investing! If proven they have insider trading -jail time !

and when they're caught they blame the other party

She picked Citrix over Zoom 😂😂😂 Big L.

Is there a possibility to get Realtime information of the transactions of the US politicans like pelosi? Or at least Information with a delay of one or two days?

Why isn't Senator Perdue also named in this episode? He also traded stocks at that moment right?

Meanwhile 3 months later 🤣🤣🤣

What if all their trades and stock positions they hold are made immediately public?

85 basis points per month is a very nonchalant way of expressing the issue. Annualized that's an alpha of almost 11%. Assuming the market return 10% a year, over an average Congressional career of 10 years that's the difference between $260k market return and $620k strategy return on an initial $100k investment.

What is justice in the capitalist/market economy system? In a system where gold, success, and pleasure are everything. Do you have any justice?

Love this channel

aside from the issue of insider trading isn't it staggering just how rich our public representatives are, as evidenced by the value of their trades. How can such wealthy people understand the needs of the ordinary person and act in our interests?

If the Legislative branch is not going to hold each other accountable, then the Judiciary should be the next means and it means a class action lawsuit on these lawmakers needs to happen where we sue for breach of fiduciary duty. I think it is a slam dunk open and shut case especially with the Pandemic when they clearcut sold their stock shares before actually having an action plan put into place. It is time we the people with the Judiciary branch hold congress accountable since they cannot do it.

We want no rules and laws overprices stock and rules and laws underprice stock which mean we do not have terms for lost principal investment deal

"that could create a dangerous disconnect"... Got some new for you buddy they are massively disconnected from the rest of us already.

Yeah,they're still doing it.

Money and politics as one

Congress is literally the referees of business. You shouldn’t be picking and choosing stocks...

I wonder why there is just few viewers in this type of videos

has anybody kept track if they made or lost on their trades, because i remember them selling off in March and the market reached all time highs during the summer so if they didnt buy back in, in about a month after they sold they would have missed out on a TON of profits.

And other businesses deal similarly

It requires money to make money. this is the best secret I have ever discovered we don't make money, we EARn and MULTIPLY money

Even if they pass it. Congressmen will just tell their friends and they get a cut 😂😂

Why is the same information repeated multiple times throughout the video?

The consensus is still there. This is a bipartisan issue. Lock a few of them up for insider trading... Let them invest in broad ETFs & mutual funds but picking individual stocks while there deciding and making decision to directly correlate with their price getting rich in the meantime is ridiculous. We want them invested in the market we want them invested in the prosperity of America but in the whole market not individual companies.

They should not be allowed to have any stock any where.

Members of Congress should put their investments in blind trusts for the time they are in office. Trusts should be required to make quarterly reports related to the investments.

Send those Senators to jail. United States are totally corrupted by these people, and they think that they are above the Law!!!

Naive. Have you ever heard of a thing called private equity, which is not necessarily publicly registered?

| congresstrading.com | compiles Congress' stock trading filings into a database and hosts a forum so our community could capitalize on Congress' access to insider information.

Anyone who paid attention to the news or a stock chart could decide to sell before the crash was significant, this was not insider trading; insider trading is knowing company specific information and trading based on that.

they upload this earlier in the day

This is a MAJOR exposé... but what will become of this...

We can't have these conflicts of interest in members of Congress

Kelly Loeffler and Richard Burr headed towards that Martha Stewartstown.

I have been doing some research on Bitcoins because it's an easy means of making money when you have a good knowledge of the Bitcoin market, can someone please guide me on how I can begin making money on Bitcoins?

how is it fair that people who make the rule can benefit from the rule?

Is there a watchdog on how Members of Congress trade? Maybe we can all be insiders on their coattails?

Oh to have the answers to the test even just one day early...

We use stimulate monies and bailout monies to buy stock to resale we do not look for good deal

It's legal, because they are the ones who wrote the laws in the first place.

The video shows pic of Rajat Gupta who faced imprisonment despite no evidence !

Taking up a public office should REQUIRE that the individual does not have holdings in any for profit corporations. Ya wanna eliminate congressional corruption? Ya start there. Next should be establishing term limits.

(IDEX) Ideanomics an emerging electric vehicle company.

I don't see a great solution for this, other than demand our lawmakers take a vow of poverty.

I'm glad CNBC, the king of pump and dumps, is reporting on this