Congress should have similar personal trading regulations to investment banking, asset management and other financial intermediaries.
Prompt disclosures are like sunlight, a natural disinfectant. Allowing broad index-based investments (such as S&P 500 funds or ETFs) is fine, and sets a good example for the common citizenry.
Single-company investments may need to be overseen and approved/restricted by an independent regulator (like the Fed, but not the Fed, perhaps SEC/FINRA).
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u/CaveatBettor 5d ago
Congress should have similar personal trading regulations to investment banking, asset management and other financial intermediaries.
Prompt disclosures are like sunlight, a natural disinfectant. Allowing broad index-based investments (such as S&P 500 funds or ETFs) is fine, and sets a good example for the common citizenry.
Single-company investments may need to be overseen and approved/restricted by an independent regulator (like the Fed, but not the Fed, perhaps SEC/FINRA).