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, or equivalent advanced degrees in fields relevant to insider trading issues. Also top-level government officials (such as foreign leaders, US presidents, Founding Fathers, Supreme Court Justices, members of legislative bodies, cabinet members, military leaders, etc.) with positions relevant to insider trading issues.
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
JD, Boston College Law School, 1985
BA, cum laude, History, Tufts University, 1981
Phone: 202-224-4543 Email: None found Website: None found
Won his US Senate seat in 2010 in a special election following the death of Democratic Senator Ted Kennedy
Recipient of the Army Commendation Medal for meritorious service in homeland security
Winner of Cosmopolitan magazine's "America's Sexiest Man" contest as a 22-year-old law student at Boston College
Recipient of the US Army Airborne School's Meritorious Service Medal
Recipient of the Boston Globe's "Bostonian of the Year" award in 2010
Sponsor of the Stop Trading on Congressional Knowledge (STOCK) Act #1871 in the US Senate
Experienced sexual abuse at age ten from a camp counselor who threatened to kill him if he told anyone - which he did not disclose even to his family until his autobiography.
Recipient of the "Public Servant of the Year" award from the United Chamber of Commerce in 2004 for "his leadership in reforming the state's sex offender laws and protecting the rights of victims."