bigredfish
Known around here
LOL it can’t be fixed…
Thousands Of US Officials Trade Shares Of Companies They Regulate: WSJ
www.zerohedge.com
More than 2,600 executive branch officials have bought and sold shares of companies whose fortunes rise and fall on the policies their agencies enact, a Wall Street Journal investigationhas found.
….
Though it's illegal for officials to work on issues in which they have a direct financial interest -- and though regulations even prohibit the mere appearance of conflicts of interest -- the Journalfound many such instances. For example:
"A top official at the Environmental Protection Agency reported purchases of oil and gas stocks. The Food and Drug Administration improperly let an official own dozens of food and drug stocks on its no-buy list. A Defense Department official bought stock in a defense company five times before it won new business from the Pentagon."
Often, ethics officials have simply waived the rules, or certified that an official's trade qualifies for an exception.
More than 40% of the Treasury Department's senior officials traded in companies touched by their agency -- the highest among the 50 agencies studies by the Journal. Treasury was followed by the Environmental Protection Agency, the Department of Defense, the IRS, SEC and the Fed -- each of which had an above-average percentage of officials implicated.
Thousands Of US Officials Trade Shares Of Companies They Regulate: WSJ
ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
More than 2,600 executive branch officials have bought and sold shares of companies whose fortunes rise and fall on the policies their agencies enact, a Wall Street Journal investigationhas found.
….
Though it's illegal for officials to work on issues in which they have a direct financial interest -- and though regulations even prohibit the mere appearance of conflicts of interest -- the Journalfound many such instances. For example:
"A top official at the Environmental Protection Agency reported purchases of oil and gas stocks. The Food and Drug Administration improperly let an official own dozens of food and drug stocks on its no-buy list. A Defense Department official bought stock in a defense company five times before it won new business from the Pentagon."
Often, ethics officials have simply waived the rules, or certified that an official's trade qualifies for an exception.
More than 40% of the Treasury Department's senior officials traded in companies touched by their agency -- the highest among the 50 agencies studies by the Journal. Treasury was followed by the Environmental Protection Agency, the Department of Defense, the IRS, SEC and the Fed -- each of which had an above-average percentage of officials implicated.
Last edited:
