CBS is all hot and bothered about insider trading by Congress. Steve Bainbridge is not so sure it’s illegal. Neither am I, and I question whether it should be on policy grounds (see here, first published here). I suggest more disclosure, and reducing the opportunity for all kinds of corruption by having less law.
Cite this Article
Larry Ribstein, Congressional insider trading, Truth on the Market (November 14, 2011), https://truthonthemarket.com/2011/11/14/congressional-insider-trading/