As Congressional Democrats bicker over whether it’s appropriate for them to have the right to buy and sell stocks while in office, a local financial analyst is adamant the concept should be banned. A few weeks ago, House Speaker Nancy Pelosi noted America is a free-market economy, and elected officials should be able to participate, so long as they properly report any trades they make. WRCR Market Analyst Ken Mahoney of Mahoney Asset Management in Chestnut Ridge says they’re better off having a blind trust…
BusinessInsider.com recently concluded a five-month-long investigation that found that 52 members of Congress and 182 senior congressional staffers had violated the STOCK Act, which is meant to prevent insider trading. Massachusetts Senator Elizabeth Warren and New York Representative Alexandria Ocasio-Cortez have both called for prohibiting members of Congress from trading stocks.