Actually I think I do. Is it when someone is able to profit from trading stocks, etc with knowledge not known the to the general public. Is it some thing like that? Is that a simplified explanation. So, when a member of Congress, who takes office with no more worth than the average person, leaves a multi-millionaire, but has cast votes on things that would benefit his/her portfolio.
And, I think most folks find it a bit hard to believe that Harry Reid, who was just a normal guy, leaves a multi-millionaire that it gives people something to think about. Obviously, not something you think about.
But the did pass a law that supposedly banned the practice
The Stop Trading on Congressional Knowledge Act is an Act of Congress designed to combat insider trading. It was signed into law by President Barack Obama on April 4, 2012. The bill prohibits the use of non-public information for private profit, including insider trading by members of Congress and other government employees. It confirms changes to the Commodity Exchange Act, specifies reporting intervals for financial transactions.
And then there’s this...
https://www.cbsnews.com/news/hhs-nominee-tom-price-faces-accusations-of-engaging-in-insider-trading/
“So, when a member of Congress, who takes office with no more worth than the average person, leaves a multi-millionaire, but has cast votes on things that would benefit his/her portfolio.’
If the congressman makes his case on that basis, good for him. Why, because then ordinary citizens can make the case that they should receive the same treatment under the 14th amendment.
It’s not that I oppose prosecution against insider trading, it’s that I oppose the corruption at most DOJs. Because the DOJs have become unaccountable, they do not deserve the respect and the trust of the public. Until we see real reform and adherence to constitutional protections for defendants we must oppose DOJs especially when it comes to non-violent crimes. We need to see the likes of Andrew Weismann in solitary confinement. More prosecutors and investigators need to be prosecuted, sanctioned and fired for abusing citizen’s rights. We need to stop giving deference and prestige to these people.