Graduate of the University of Virginia School of Law
Con to the question "Should Insider Trading by Congress Be Allowed?"
"It is difficult to imagine a more obvious betrayal of the public trust. It is even more difficult to imagine that such behavior could be completely legal. But that is exactly the conventional wisdom today. Trading on congressional knowledge seems intuitively unfair, but it is almost universally believed to be legal by securities attorneys, legal academics, and even members of Congress...
[I believe, however] that under the 'misappropriation theory' of insider trading, trading on material nonpublic congressional information is already decidedly illegal."
Andrew T. George, "Public (Self)-Service: Illegal Trading on Confidential Congressional Information," Harvard Law and Policy Review, Winter 2008
Experts Individuals with JDs, PhDs, other relevant advanced degrees, and government officials with significant involvement in, or related to, insider trading issues. [Note: Experts definition varies by site.]