You can look at stock trades by members of Congress, not that I would rely on that info to invest, especially when you look at the overall finances of many Members who are heavily in debt. Federal transparency regulations require disclosure of trades presumable to monitor any conflict of interest or insider trading. Insider trading by a member of Congress is a crime. However, the warped mind of the likes of Rep Jayapal put a different spin on it.
If stock trades by a member of Congress are not related to insider illegal information, so what? If trades are publicly disclosed isn’t it easy to match those trades with information the Member may have had access to? There is no reason to believe Members are any better picking stocks than the rest of us even though Jayapal seems to think so.
It’s a privilege of the wealthiest to even own stock? That belief might be funny if it wasn’t pathetic – an insult to average Americans – and held by a person who can help right laws and shape policy. Fifty- six percent of all Americans own stock and that includes 63% of those earning between $40,000-$99,999.