© dpa
Germany: S&P 500 Index
(77WABC) — Insider and several other news organizations have identified 70 members of congress who’ve recently failed to properly report their financial trades,
The reporting is mandated by the Stop Trading on Congressional Knowledge Act of 2012, also known as the STOCK Act. While lawmakers who violate the stock act face a fine, the penalty is usually small — $200 is the standard amount — or waived by House or Senate ethics officials.
A vote on a consensus Bill calling for stricter penalties or possibly a ban on trading for congressional members is possible for September.
