Fine for violating Congressional Stock Act is $200 [pdf]
ethics.house.gov
Fine for violating Congressional Stock Act is $200 [pdf]
1–10 of 21 posts
Re: Fine for violating Congressional Stock Act is $200 [pdf]
#2For reference, the maximum penalty US citizens face for violating insider trading laws is $5,000,000 and 20 years in jail.
https://www.sec.gov/Archives/edgar/data/25743/00013871311300...
Re: Fine for violating Congressional Stock Act is $200 [pdf]
#3Also, no public records exist that track those who has violate the Stock Act.
If that was not enough congressional members are shielded from any questions that arise from congressional discussions per the Speech and Debate Privilege https://en.wikipedia.org/wiki/Speech_or_Debate_Clause
Re: Fine for violating Congressional Stock Act is $200 [pdf]
#4Nancy Pelosi's thoughts on trading stocks:
https://www.youtube.com/watch?v=f7OLtVTs0eI
Rules for thee, not for me.
Re: Fine for violating Congressional Stock Act is $200 [pdf]
#5Kind of a misleading title. The $200 fine is specifically a late fee for filing a report more slowly than the 30-45 day window after a trade is made. The punishments for insider trading, although I don't think they've ever been handed out since the STOCK Act passed, are much more severe.
Re: Fine for violating Congressional Stock Act is $200 [pdf]
#6Nancy Pelosi's thoughts on trading stocks: https://www.youtube.com/watch?v=f7OLtVTs0eI Rules for thee, not for me.
Anyone that thought having a choice between 2 parties is really a choice at all is blind.
Re: Fine for violating Congressional Stock Act is $200 [pdf]
#7I really don't understand why this is the hill everyone wants to die on about Congress. We want smart people in politics yet with the current zeitgeist I'd never in a million years recommend politics for a young person. And that's why we get only extremists and crazy folks running for office.
Re: Fine for violating Congressional Stock Act is $200 [pdf]
#8I really don't understand why this is the hill everyone wants to die on about Congress. We want smart people in politics yet with the current zeitgeist I'd never in a million years recommend politics for a young person. And that's why we get only extremists and crazy folks running for office.
These people are incredibly smart, but also incredibly selfish. Smart != morality.
Re: Fine for violating Congressional Stock Act is $200 [pdf]
#9I really don't understand why this is the hill everyone wants to die on about Congress. We want smart people in politics yet with the current zeitgeist I'd never in a million years recommend politics for a young person. And that's why we get only extremists and crazy folks running for office.
These people are incredibly smart, but also incredibly selfish. Smart != morality.
Didn't know that owning stock makes you selfish but k.
Re: Fine for violating Congressional Stock Act is $200 [pdf]
#10Flat rates in law are useless and often don't affect the rich. It should be proportional to the profit they made, just like minimum wage should be a percentage base on living wage in your area and age-cap in politics should be output of a function of longevity and lifespan.
I hate the way we do government. It does not scale.