The Associated Press Quotes Craig Holman on Stock Trading in Congress
By Associated Press
“The issue of congressional stock trading took on a new urgency last year when at least three senators were the subject of inquiries about whether they made financial decisions based on insider information. Though no one was charged, their dealings stirred outrage and highlighted the limitations of the Stock Act, a 2012 law intended to curtail stock market speculation by lawmakers.”
“’I thought no congressman or senator would want to get caught in that sort of controversy, even if it just had the appearance of insider trading,’ said Craig Holman, a lobbyist for the Washington-based government watchdog group Public Citizen. ‘But clearly there’s still a significant number of members of Congress who still want to abuse their access to insider knowledge.'”