Violation of the Stop Trading on Congressional Knowledge Act of 2012
Numerous officials were found to have violated the Stop Trading on Congressional Knowledge Act of 2012(STOCK Act). This legislation was intended to stop members of Congress from engaging in a form of insider trading while still allowing them, and their families, to trade stocks.
Our elected officials have access to information that the general public does not have access to, this information gives them a key advantage on the market that the American people do not get to experience. The legislation allows for members of Congress to trade stocks so long as they disclose information related to these trades.