US Congress to adopt 'insider trading' ban

Legislation would forbid politicians from using information from government meetings to play stock markets.

    A bill first put forward five years ago to stop United States politicians from trading inside information is closer to becoming law.

    Congress is looking at a new, tougher law to block senators and its members from using information picked up in committees, reports and briefings to play the stock market – essentially insider trading.

    Data shows that nearly 1,536 members of Congress outperform the stock market by about six to 10 per cent on a regular basis. But that may soon be a thing of the past.

    Al Jazeera's Alan Fisher reports from Washington.


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