Elected members of the United States Congress managed to beat the stock market. Reuters Breakingviews columnists Reynolds Holding and Richard Beales weigh on reasons for the outperformance, including a lack of regulation of their trading activities.

“Well, it is just like insider trading,” Holding says. “It is inside information. But that’s the interesting thing. The government has been hands-off on this, and this is because they claim, look, these senators … and representatives, they don’t have a duty to anyone not to trade, to disclose this information. So it’s not illegal for them to have this information about a bill that’s coming up….”

This entry was posted on Wednesday, May 25th, 2011 at 3:37 pm and is filed under Regulation, Reuters Insider video, insider trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.