Posted on Nov 17, 2021
Rep. Kim Schrier failed to properly disclose purchase of more than $500,000 of Apple stock
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Posted 3 y ago
Responses: 3
$.5M and it didn't come up as a topic of discussion over breakfast/dinner for 3 months?
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Who cares? This happens all the time and everyone just goes: ¯\_(ツ)_/¯
https://www.businessinsider.com/congress-stock-act-violations-senate-house-trading-2021-9
https://www.businessinsider.com/congress-stock-act-violations-senate-house-trading-2021-9
46 members of Congress have violated a law designed to stop insider trading and prevent...
Insider has identified numerous members of Congress who've violated the transparency provision of the STOCK Act, which requires timely reporting of their stock trades.
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SFC (Join to see)
We should all care. They put these rules in place to demonstrate to their constituency they are "on the up and up" and then ignore them. If you or I ignore the rules, regs, and laws they put in place for us, there are ramifications. There should be for them as well.
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PO1 (Join to see)
SFC (Join to see) - Agreed. My answer was supposed to be sarcastic, but we have allowed these people to get away with this for so long, that I doubt it is going to change anytime soon.
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SFC (Join to see)
PO1 (Join to see) - 100%. They've been given free rein to do as they wish and do but on the bright side, they police themselves. Like the fox guarding the hen house.
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