Senators’ Abnormal Gains Vanish After STOCK ActBala Murali Krishna
Time was when U.S. senators enjoyed some “informational advantage” that helped them make some abnormal gains on the stock market – as much as 8.8% annualized. Such gains have vanished since an exposé by the legendary 60 Minutes television show, followed by the passage of the Stop Trading on Congressional Knowledge, or STOCK Act in 2012, according to a study published Jan. 24.
“Post-60 Minutes, we find no . . .
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