Comentários do leitor

A Look Into Congress Insider Trading

"Roman Randle" (2019-10-09)


A recent study by the Social Science Research Network strongly suggests that members of Congress has been using their access to private company informations for their own advantage. These insider information are being unfairly used by our governing body, the very same people who are supposed to ensure fair trade. Since the 1960s, stock or commodity trading using insider information has been deemed illegal. However, as was revealed in a recent study by the Social Science Research Network, members of Congress has been for a long time using their access to private company informations for their own financial enrichment. These insider information can greatly affect prices in stock and they are being unfairly used by our governing body, the very same people who are supposed to ensure fair trade. What is happening is that members of Congress and their staff are accessing nonpublic information about companies to see how they will perform in the future (whether they will have their taxes lowered or raised, for example).



These Congress members, and even some Senators, then uses their insider information to buy shares on stocks that have been voted for funding, earning themselves thousands of dollars in the process. However, because these information did not come from the affected companies, it is not considered, legally speaking, insider information. In short, the members who use this information are exempted prosecution by the Securities and Exchange Commission (SEC). Members of Congress may even tip some other parties their campaign contributors, for example and still there is nothing in law that says they are doing something illegal. Although there have been some actions to prevent this, the effect have so far been minimal. Congressman Brian Baird offered a bill years ago that would prevent insider trading by members of the Congress. But out of 435 members in the House of Representatives, the bill only had nine supporters; from the Senate, it had none. This lack of support is understandable as there are currently no investigators in Capitol Hill tracking the stock market activities of Congress members.



And it seems nothing much will happen about the issue, mostly because the people dont really know what is going on the US media has hardly put any coverage of the issue. Congressman Baird had commented that Congress insider trading allows Congress members the possibility of making great amounts of money. Filmmaker Francis Megahy has added that what these members of Congress who are using their official influence for personal gain are not just showing conflict of interest they are downright committing a crime. The situation now is that the countrys lawmakers are freely allowed to do something that is absolutely illegal for anybody else to do. Of course Congress has the power to tell citizens what they can and cannot do that is their job, after all. But the laws they prescribe need also to apply to them. If a member uses company insider information and uses it to his or her own advantage, that plainly counts as Congress insider trading. It is unethical, it should be illegal, and it has to stop.



Again, check for signs that it was printed, instead of written by hand. A real signature will have variations in the pressure exerted on the writing instrument. This will result in some dark and light shades, thin and thick lines in the signature. 4 - Consider provenance. Provenance is the trail of ownership of an item. An original painting of Snoopy being sold by a blood relative of Charles Schulz is the best provenance. Something owned by a friend or someone who worked with him is the next best level. Aunt Rosie said it came from Grandma Unis who used to live in the same state as Schulz when he was a boy. You get the idea. Closer, and verifiable is better. 5 - Charles Schulz has no "T" in his name. If the item is signed "Schultz", it is a forgery. Who is Your Favorite Peanuts Character? See results I've been a fan of Peanuts all of my life.



I identified with Charlie Brown as a kid, because I never got Valentines on Valentine's Day either. I think it is easy to identify with the characters, as they mimic the real experiences that many people have. Are you a fan? Do you have a favorite character? Are You a Peanuts Fan? Sign in or sign up and post using a HubPages Network account. 0 of 8192 characters usedPost CommentNo HTML is allowed in comments, but URLs will be hyperlinked. Comments are not for promoting your articles or other sites. In the late 80's I went to an auction to benefit the Big Sisters of San Diego. They had sent out yolked ostrich eggs to celebrities for them to sign. The one that I had purchased had a drawing of Snoopy with Schultz's autograph. I have no idea what I'll do with it, but it's fun to display. Going through storage cabinets just this week, I found the PEANUTS comics which came out on February 13, 2000, where Charles Schulz actually printed his retirement letter on that day with pictures of his cartoon characters.