from Hacker News

Pelosi rejects stock-trading ban for members of Congress

by hncurious on 12/15/21, 8:33 PM with 20 comments

• by sschueller on 12/15/21, 8:50 PM

  No surprise there as she is one of the ones that has made a lot of money on trades. Especially her husband who seem to have a sixth sense on when to trade...

  Maybe an alright ban isn't "fair" but then the SEC should have the power to look very closely at possible insider trading. This also include insights into closed hearings that produced information that was traded on.

  However, a ban would be so much easier, yet we all know their spouses/friends will do the trades instead.

  I guess the only real solution would be term limits making this a temporary thing.

• by parineum on 12/15/21, 9:01 PM

  > "The speaker does not own any stocks," said Hammill. "As you can see from the required disclosures, with which the speaker fully cooperates, these transactions are marked 'SP' for spouse. The Speaker has no prior knowledge or subsequent involvement in any transactions."

  lol

• by bingohbangoh on 12/15/21, 8:51 PM

  Anybody figure out why the twitter account that was tracking her trades got banned?

• by oh_sigh on 12/15/21, 9:04 PM

  What are the ethics of relying on self-enforced ethics? Isn't it a conflict of interest in having a body be able to vote on the rules they apply to themselves which are different than the rules applied to random members of the public?

• by SavantIdiot on 12/15/21, 9:04 PM

  This is pure politics. Why is this on HN?

  EDIT: I'm clearly not dang, but from the rules:

  "Off-Topic: Most stories about politics, or crime, or sports, unless they're evidence of some interesting new phenomenon. Videos of pratfalls or disasters, or cute animal pictures. If they'd cover it on TV news, it's probably off-topic."

  Politics + stocks != Hacker News.