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Senators to Propose Ban on U.S. Lawmakers, Executive Branch Members Owning Stock

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91–100 of 238 posts

Re: Senators to Propose Ban on U.S. Lawmakers, Executive Branch Members Owning Stock

#91

Earlier quoted context omitted.

NANC and KRUZ are the ticker symbols (I wish I was joking)

Interesting that NANC is doing so much better than KRUZ. Any ideas why?

> Interesting that NANC is doing so much better than KRUZ. Any ideas why?

Presumably because they're on different committees. Or have different friends.

Just like existing law, pending legislation is too vast for any one person to know it all.

Re: Senators to Propose Ban on U.S. Lawmakers, Executive Branch Members Owning Stock

#92

Earlier quoted context omitted.

I think there is a delay on stock disclosures, like they only have to disclose purchase/sale once a quarter or something which makes it hard to profitably copy their trading.

But it could be backtested, which I think is the point - "is the supposed insider trading actually profitable for Congress members?"

I think I recall someone doing that analysis and posting about it on HN, but I don't remember what the conclusion was.

Re: Senators to Propose Ban on U.S. Lawmakers, Executive Branch Members Owning Stock

#93

I started building out tools to track congressional stock trading in 2020. Since then, I believe there have been 9 other proposals similar to this one. None of them have been even called to a vote. It seem like Congress is pretty unwilling to regulate its own trading. Until they are, feel free to track the trading here: https://www.quiverquant.com/congresstrading/

I wish there was a tool that allowed me to follow Congress as if it was an index. Automatically buying and selling what they buy and sell. Right from my Fidelity or something.

Re: Senators to Propose Ban on U.S. Lawmakers, Executive Branch Members Owning Stock

#94

Earlier quoted context omitted.

NANC and KRUZ are the ticker symbols (I wish I was joking)

Interesting that NANC is doing so much better than KRUZ. Any ideas why?

Nancy Pelosi holds a ton of Microsoft stock, I believe up to $25M last time I checked.

I haven't checked the NANC holdings, but her Microsoft position has definitely been carrying our Nancy Pelosi Strategy on Quiver.

Re: Senators to Propose Ban on U.S. Lawmakers, Executive Branch Members Owning Stock

#95
post #56

Earlier quoted context omitted.

I can't think of any other situation when one person getting a job puts legal obligations on their spouse, but I haven't looked into it.

To less of a degree, when applying for law enforcement jobs, family members and sometimes friends have to surrender a lot of personal data. I had to hand over my SSN along with pretty much all my PII and do interviews on behalf family members when they applied to be cops. I tried to say no, but at the end of the day they're holding their jobs hostage until I comply. Hate it.

What, the cops are actually doing at least something to weed out the bad apples now?

Sarcasm aside: interesting how far they go for a simple copper on the street now. Here in Germany, that level of background checks (Sicherheitsüberprüfung Ü2/Ü3) is only done for higher level (i.e. leadership) cops and IT staff.

[1] https://de.wikipedia.org/wiki/Sicherheits%C3%BCberpr%C3%BCfu...

Re: Senators to Propose Ban on U.S. Lawmakers, Executive Branch Members Owning Stock

#96
post #43
post #14

My wife works in the audit department of a bank. I'm heavily regulated by the SEC on what stocks, ETFs, mutual funds I can buy/sell. An internal group monitors my buying/selling and makes approval/denial before I can do so. I have to hold an ETF for 1 month before I can sell it--not that I should be swing trading ETFs, but still. It's very frustrating at times, especially when I'm relegated to using just her bank's t…

Why? What kinds of things might you be able to do through your wife that require all this scrutiny?

She has access to every and any database as she is the one who pulls the data for auditors, so is privileged to confidential and/or non-public knowledge. And like someone mentioned above, just by proximity, I (potentially) have access to that knowledge.

Re: Senators to Propose Ban on U.S. Lawmakers, Executive Branch Members Owning Stock

#97

Earlier quoted context omitted.

I can't think of any other situation when one person getting a job puts legal obligations on their spouse, but I haven't looked into it.

My immediate family can't trade Amazon stock even though I am just some random employee in this behemoth. It's relatively minor, but it's still legal repercussions.

...though I am just some random employee in this behemoth.

I'm skeptical of "just some random employee", or a ban on immediate family trading AMZN. Because it's the first I've heard of this for an SDE that doesn't work in finance for Amazon, and I know plenty of folks that work at Amazon and trading AMZN has come up.

I'm not saying you're wrong, but I'd sure double-check on that because it doesn't match my experience with other large companies (for instance, there was a time when my spouse worked in Microsoft finance, and I had to have my MSFT trades approved or something, but not banned from trading).

Re: Senators to Propose Ban on U.S. Lawmakers, Executive Branch Members Owning Stock

#98
post #76

Earlier quoted context omitted.

Your spouse can definitely affect your ability to get a security clearance. Last I heard, cannabis use is still relevant to this, even if you live in a state where it's legal. Your spouse being a foreign national can also be significant, depending on which country and their connections there. It's not really a legal obligation as such ("only" putting the job at risk), but it does cover rather a lot of jobs.

> Last I heard, cannabis use is still relevant to this, even if you live in a state where it's legal. The process of doing away with this entirely started last year: https://www.wsj.com/articles/u-s-spy-agencies-could-hire-for...

Makes sense now that it's legal and foreign/criminal actors can't extort people any more for being gay or smoking pot.

Re: Senators to Propose Ban on U.S. Lawmakers, Executive Branch Members Owning Stock

#99

I started building out tools to track congressional stock trading in 2020. Since then, I believe there have been 9 other proposals similar to this one. None of them have been even called to a vote. It seem like Congress is pretty unwilling to regulate its own trading. Until they are, feel free to track the trading here: https://www.quiverquant.com/congresstrading/

TBH will the regulation change much? If congressmen won't be allow to own stock, they will use proxy (wife, siblings, parents, in-laws).

Re: Senators to Propose Ban on U.S. Lawmakers, Executive Branch Members Owning Stock

#100

I started building out tools to track congressional stock trading in 2020. Since then, I believe there have been 9 other proposals similar to this one. None of them have been even called to a vote. It seem like Congress is pretty unwilling to regulate its own trading. Until they are, feel free to track the trading here: https://www.quiverquant.com/congresstrading/

Love the font choice! Never heard of Rubik, but I like stocky letters with a tall x-height. Kind of reminds me of Colfax.

https://processtypefoundry.com/fonts/colfax/

I might add the following for a slightly crisper look:

    text-rendering: optimizeLegibility;
    -webkit-font-smoothing: antialiased;
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