The conclusion of the excerpt is that the there is strong evidence that suggests that lawmakers are taking advantage of insider information with respect to trading. The narrator indirectly cited The Stock Act.
An initial law known as the STOCK Act forbids members of Congress and congressional staff from utilizing confidential information obtained from their public offices for personal gain or for any other reason.
A law passed by Congress in 2012 called the Stop Trading on Congressional Knowledge (STOCK) Act aims to halt insider trading. On April 4, 2012, President Barack Obama enacted it into law.
<h3>What is insider trading?</h3>
Undertaking financial investments based on information that is unknown to others is known as insider trading, regardless of whether it is related to fraud or a breach of fiduciary duty.
Because these actions have a negative effect on other individuals, they are considered unethical.
<h3>How does insider trading hurt others?</h3>
Insider trading damages public trust in the securities markets, according to one rationale typically stated by regulators and observers.
People will be less eager to invest if they believe that insiders would profit at their cost on a frequent basis.
This goes to the heart of the issues and why the actions reported are being decried.
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