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The same insider trading that can land a regular citizen in jail is perfectly legal for members of congress watch 60 minutes on sunday nov.
60 minutes congress insider trading. 13 at 7 p m. Most people understand that insider trading is illegal. For example insider trading on the stock.
What is insider trading. According to cbs news 60 minutes that aired sunday night congress utilizes this power to the best of their ability. After an embarrassing 2011 60 minutes investigation revealed our lawmakers affinity for insider trading congress passed the stock stop trading on congressional knowledge act to stem the outpouring of public outrage.
Steve kroft reports that members of congress can legally trade stock based on non public information from capitol hill. The hustle to defuse 60 minutes congressional insider trading story the legislators knew it was coming and they came out guns blazing. After 60 minutes reported on the problem a bill to ban lawmakers from insider trading is finally on the fast track.
Insider trading or the act of buying or selling investments based on nonpublic information is against the law. At its core insider trading unfairly enriches privileged parties at the expense of. Steve kroft reports that members of congress can legally trade stock based on non public information from capitol hill.
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