Number of times STOCK Act violated by Congress since new bill was advanced. 😮

The Impact of the STOCK Act Violations on U.S. Congress Members 📊

Since the introduction of the STOCK Act in 2012, the main aim has been to ensure transparency among members of the U.S. Congress, Senate, and House of Representatives regarding their stock trades 📉. Recently, an updated bill known as the “ETHICS Act” has been making waves, aiming to ban U.S. politicians, their spouses, and dependent children from trading individual stocks entirely. Despite these efforts, several U.S. Congress members continue to violate the STOCK Act, raising questions about the effectiveness of existing regulations and the prevalence of insider trading in Washington, D.C.

🔍 These U.S. Congress Members Violated the STOCK Act through Late Trade Filings

Since July 24, a number of U.S. Congress members have been found to have violated the provisions of the STOCK Act by making late trade filings. The following members of Congress have been identified for such violations:

Representative Stephen Lynch
Representative Jared Moskowitz
Representative Michael McCaul
Representative David Joyce
Representative Sean Casten
Representative Stephanie Bice
Representative Thomas Kean Jr.
Representative Ruben Gallego
Senator John Fetterman
Senator Bill Hagerty

These members were found to have reported their trades after the legally required 45-day period, with a combined value exceeding $3 million.

🚨 Most Notable Violations of the STOCK Act by Congress Members

Among the various violations of the STOCK Act by U.S. politicians, two instances stand out as particularly noteworthy:

Senator John Fetterman: Committed 31 violations through stock trades involving his children and companies he oversees.
Representative David Joyce: A member of the House Ethics Committee, violated the Act through the sale of Boeing (NYSE: BA) stock more than a year ago.

The recent surge in violations by U.S. politicians, coupled with fines of $200 per late trade, raises concerns about the efficacy of the current regulatory framework in deterring insider trading within the corridors of power.

🌟 Hot Take: Reflections on the STOCK Act Violations

As a crypto enthusiast interested in transparency and integrity in financial markets, the ongoing violations of the STOCK Act by U.S. Congress members should be a cause for concern. The need for robust regulations and stringent enforcement mechanisms to prevent insider trading and maintain market fairness cannot be overstated. Stay informed and engaged in advocating for accountability and ethical conduct in the realm of stock trading and investments.