Pelosi Changed Her Mind on Congressional Trading

Well, it finally happened. 

After enough political pressure…

Congress appears to be prepping legislation to ban stock trading for themselves.

We've already talked about Pelosi and how she and her husband have made some monster wins in the market. 

It’s worth noting they used call options, meaning that they were comfortable enough in their bets to really pile on some leverage.

That didn't sit well with the public — especially when we found out Senators were dumping stock right before the March 2020 shutdowns…

But back to Pelosi: she seems to have changed her mind all of a sudden.

In a presser on Wednesday, Pelosi said that lawmakers are looking to find consensus on “government-wide” stock trading reforms.

Now, we already have a Congressional trading law on the books: 

The STOCK act, which requires legislators to disclose their trades.

And yet…

There’s been widespread violations of that law, but we don't know if the offenders faced any punishment.

Hmm. Funny how when you write the laws, you might not have them enforced against you.

Now, they are looking to amend the STOCK act by raising fines on violations… 

And potentially introducing a full ban on trading individual companies.

Honestly, I'll believe it when I see it.

From what I've read, this hasn't even cleared committees yet, and it could just get buried in legislative red tape long enough for everyone to forget about it.

After all, Pelosi tried to loop in legislative staff and the other branches of government into the discussion. As a Rep from her party pointed out:

Pelosi might just be trying to keep talking about it and direct attention away from the issue until people forget about it. If they were serious, those bipartisan bills would be moving fast through Congress.

The game will change, and the game will stay the same.

It's the same story with the current regulations for corporate insiders. 

You know the ones — CEOs, CFOs, Board Members, etc. They’re required to disclose their trades, and they have to have a trading plan on file with their broker...

But to be completely honest, it's a free-for-all. An insider could say they bought their own company for any reason…

Then, maybe, just get "lucky" that their company had a good FDA event.

Honestly, I'm 100% OK with this. I say let it rip. 

As long as both corporate and government insiders are required to disclose their trades, that makes for a better market — regular traders get more information that can give them an edge.

That's exactly what we do inside of Insiders Exposed. These corporate insiders have to report their stock buys, so we see what they’re doing and follow along.

But you can’t just follow any trade you find. It’s gotta have some conviction behind it…

And to find the highest-conviction trades, we look for 6 rock-solid trade setups before we set up a position.

If you'd like to see these 6 setups: