According to the agency, insider trading is an operation

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The document is called the “Ethics Act” and within its framework, members of Congress, their spouses and children would be prohibited from trading in stocks and other financial instruments, and in case of violation of the law, they would have to pay a monetary fine. There has been no vote on this issue so far. It is important to note that President Barack Obama’s decision new zealand fax data to ban insider trading by members of Congress in 2012 under the STOCK EXCHANGE Act was met with criticism, but it turns out that members of Congress continue to generate financial gain in exchange for insider trading.


As determined by a 2021 investigative report by Business Insider, 63 members of Congress and 182 senior congressional officials have since violated the law, which is related to both possible dishonesty by members of Congress and weak enforcement mechanisms in the STOCK EXCHANGE Act itself. Insider trading is a prohibited activity in the United States, the control of which is ensured by the country's Securities and Exchange Commission (SEC).


related to securities that is based on non-public information in the possession of the seller or buyer. Due to the fact that the information is not public, it may be known only to a few investors, which puts other investors in an unfair situation, and in fact, the prohibition of insider trading is based on this logic.