Comment Re:Disallow stock trading / betting for certain le (Score 1) 69
Trading on inside information should be illegal.
Correction: It is illegal.
Unfortunately, most members of Congress have large stock portfolios before they enter office. What's your plan? Make them turn it all over to a financial advisor?
Well, that seems advisable. Unless you think they're sitting up late at night, making online trades themselves.
A Congressman can still see something in the works that could in general drop the stock market or cause it to rise. For the former, they can just suddenly need some money for personal needs and ask the advisor to sell some stock to raise X. Pretty tough to track. Having a "windfall" and turning money back over to the financial advisor before a rise - also hard to track.
Unfortunately, this is all pretty plausible.