Con to the question "Should Insider Trading by Congress Be Allowed?"
"Like millions of American’s all across the country, I was surprised to learn that insider trading by members of Congress, their families, or their staff, using non-public information gained through their Congressional work is not clearly and expressly prohibited by law and the rules of Congress.
The American people need to know that their elected leaders play by the exact same rules that they play by. They also deserve the right to know their lawmakers' only interest is what's best for the country, not their own financial interests.
Members of Congress, their families and staff shouldn’t be able to gain personal profits from information they have access to that everyday middle class families don’t. It's simply not right -- and we need to change it by ensuring the proper oversight and accountability is in place. Nobody should be above the rules.”
"Insider Trading and Congressional Accountability," Opening statement for the US Senate Committee on Homeland Security and Public Affairs, 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 (D-NY), 2009-present
US Representative (D-NY), 2007-2009
Partner, Boies, Schiller and Flexner, 2001-2005
Special Counsel, Secretary of Housing and Urban Development, 1999-2000
Associate, Davis Polk and Wardwell, 1993-1999
Law Clerk, US Second Circuit Court of Appeals, 1992
Associate, Davis Polk and Wardwell, 1991-1992
Serves on the Senate Committee on Agriculture, Nutrition and Forestry, Armed Services, Environment and Public Works, and Special Committee on Aging
Served on the Senate Committee on Foreign Relations during the 111th Congress
Member of the Healthy Kids, International Conservation, Women's and Sportsmen's Congress
Worked as a community organizer and fundraiser for Hillary Clinton's 2000 Senate campaign
JD, University of California Los Angeles Law School, 1991
BA, magna cum laude, Asian Studies, Dartmouth College, 1988