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News Link • Legislative Mischief

72 Hill staffers traded stocks in companies their bosses oversee

• Wall Steet Journal
At least seventy-two Congressional staffers traded stock shares of companies their bosses were involved with overseeing and writing laws for in 2008 and 2009, a Wall Street Journal investigation found Monday.
 
Although the aides in question denied that they were involved with unethical activity, their positions afford them access to information that individuals who are trading could profit from. “Even if they had done so,” the Journal notes, “it would be legal, because insider-trading laws don't apply to Congress.”

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