Matt Gaetz withdraws nomination for attorney general
(revolver.news)
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It's not legal for them, the law just isn't enforced unless they piss in someone's Cheerios. If someone like Gaetz were to do it they'd fry his ass.
It's legal for them to trade provided they file the forms. They have insider info about all kinds of things and things that would affect the general economy.
Wikipedia says insider trading laws lack specific definitions. The executive is afraid to make cases against legislators except in the most dire of cases (corruption) because they are afraid of separation of powers.