On: Insider trade on Splunk acquisition?

[bee_rider]

Why don’t people track the investments of senators and congresspeople and race to follow them? It seems like an easy way to get nearly insider trading.

[gsuuon → bee_rider]

This is a thing: https://www.quiverquant.com/sources/senatetrading

[dmoy → bee_rider]

In 2013 the electronic disclosure part of the 2012 STOCK act was removed, so they can just disclose in some way you can't follow.

[qwytw → bee_rider]

Because:

> Trades executed by lawmakers or their families must be disclosed within 45 days of execution

Is probably an issue (it's it's actually insider trading).

People do track it, though:

https://www.capitoltrades.com/politicians

[ada1981 → qwytw]

As in they need to announce them 45 days before they make them? Or 45 days after?

[zinglersen → ada1981]

After.

[ada1981 → zinglersen]

We really ought to make them disclose them in advance like CEOs.

[dmoy → ada1981]

I would be 100% supportive of all congresspeople being required to file 10b5-1 plans in advance for the whole year, for any stock holdings

[ada1981 → dmoy]

Right, they still get legally protected insider trading otherwise.

The public ought to benefit from the same insights and info.

And if a trade disclosure would be considered a threat to national security for some reason, you don’t make the trade.

[ada1981 → dmoy]

Has anyone calculated how much $$$ has been made by Congress folks due to this type of trading?

[dmoy → ada1981]

After