Con to the question "Should Insider Trading by Congress Be Allowed?"
"As members of Congress, we have access to information that the public does not; classified briefings, closed conference reports and personal conversations with government officials. All of these sources can give us nonpublic information that may have a significant value if traded upon. But not only do we access information, we create information and policy. When we act on legislation or negotiate legislative language, frequently that legislation has real financial consequences to an industry or company. Because we have access to and we create information, we must not betray the public’s trust by using it for our own personal gain...
I believe that the vast majority of Members and staff of Congress are here to serve their constituents best interests, not to line their pockets. But by explicitly prohibiting the use of material nonpublic information for personal gain, we will vastly increase transparency while restoring some public faith in Congress..."
"Insider Trading and Congressional Accountability," US Senate Committee on Homeland Security and Public Affairs, thomas.loc.gov, Dec. 1, 2011
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.]
Involvement and Affiliations:
US Senator (R-MA), Feb. 4, 2010-present
Lieutenant Colonel, Judge Advocate General's Corps (JAG), Massachusetts Army National Guard, 1979-present
Member, Massachusetts Senate, Mar. 25, 2004-Feb. 4, 2010
Member, Massachusetts House of Representatives, 1998-2004
Member, Wrentham, Massachusetts Board of Selectmen, 1995-1998
Member, Wrentham, Massachusetts Board of Assessors, 1987-1990