What’s your slant?

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Michael Gordon

Michael Gordon has 1 articles published.

Insider Trading for the Public Good

in Money/The Political Slant by

*Who would think that Members of Congress have one unique skill: picking great stocks?  According to an academic paper, “Abnormal Returns From the Common Stock Investments of Members of the U.S. House of Representatives” in the Business and Politics journal,  states: “We find strong evidence that Members of the House have some type of nonpublic information which they use for personal gain.”   Yes, Members of Congress do receive quite a lot of non-public information as a regular part of their job.  Trading on non-public information is a crime, but it is generally a difficult one to prove.

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