Washington, D.C. – Today, U.S. Representatives Seth Magaziner (D-RI-02) and Chip Roy (R-TX-21) introduced a new comprehensive bipartisan bill to ban Members of Congress from trading stocks.
Laws are worse than useless without enforcement. Stock traders break laws every single day, it’s part of doing business, as are the tiny fines a few of them are charged when they are called out for breaking laws.
This is complete bullshit. They’ll continue to trade, just illegally, now, knowing nothing will happen even in the rare situation where the FTC actually does anything.
Laws are worse than useless without enforcement. Stock traders break laws every single day, it’s part of doing business, as are the tiny fines a few of them are charged when they are called out for breaking laws.
This is complete bullshit. They’ll continue to trade, just illegally, now, knowing nothing will happen even in the rare situation where the FTC actually does anything.