The jaw-dropping amount of money this Democrat made from insider trading will make you sick

Katrina.Tuliao, CC BY 2.0, https://creativecommons.org/licenses/by/2.0, via Wikimedia Commons

It’s been a long time since politicians have cared about the people they represent back home.

But things are getting out of control and it’s clear that the ruling class is selling out the country.

And the jaw-dropping amount of money this Democrat made from insider trading will make you sick.

Congress claims “ignorance” as they skirt transparency rules

Congress is supposed to be in Washington, D.C. to take care of the interests of the American people. 

But it’s been clear that many elected – and unelected – officials only care about one thing — enriching themselves. 

And in 2023, the lid was blown off the whole thing.

According to a report released by Business Insider last January, 78 Members of Congress had broken a law that was written to prevent them from trading based on their political insights – also known as insider trading, which Martha Stewart and others have gone to prison for despite making far less than politicians have from such illegal activity.

The STOCK Act was signed into law in 2012, and unfortunately it only carries the penalty of a small fine. 

The law requires that our lawmakers and their families disclose their personal financial holdings. 

But dozens of them have not complied and many simply claim it is an honest mistake. 

“They offer excuses including ignorance of the law, clerical errors, and mistakes by an accountant” according to BI.

And they’ve continued to make millions of dollars off the “errors.”

Former Congressman earned over 200% return on stocks

At the beginning of 2024, Unusual Whales, an anonymous X account that tracks stock traders and publishes findings on social media, documented the power of insider knowledge in Congress, and discovered a scary trend. 

Many Members of Congress outperform the S&P 500.

The top 18 performing traders in Congress earned over 50% returns on their investments in 2023. 

Four of them more than doubled their money.

Former Rep. Brian Higgins (D-NY) retired in 2024 after earning a staggering 238.9% return on his investments in 2023. 

By comparison, the S&P yielded 24.8% in 2023.

On average, every Democrat that was studied beat the S&P with approximately 31% in returns. 

Some Republicans like Rep. Dan Crenshaw (R-TX) and Senator Susan Collins (RINO-TX), made the list of top investors. 

But the Republican average fell below the S&P at 18%.

Now, Americans are showing their frustration over the rich getting richer.

Hawley says lawmakers are “abusing” their privileges 

The University of Maryland’s Program for Public Consultation published results from a survey that showed the vast majority of voters in swing states are fed up with insider trading. 

The survey asked people in Arizona, Georgia, Michigan, Nevada, Pennsylvania, and Wisconsin to participate in a “policymaking simulation” where they heard about a variety of policy proposals.

One proposal in the survey suggested that federal officials be banned from trading individual stocks. 

Under the hypothetical proposal, federal officials and family members would be permitted to retain their existing stocks, and to buy and sell as part of large portfolios. 

Over 70% of those polled in each state said that Members of Congress, the President, the Vice President, Supreme Court Justices, and their families should be barred from stock trades. 

This lines up with a renewed effort by Republican lawmakers to pass a new bill to prohibit the practice entirely. 

“No Member of Congress should abuse their privilege to profit off the American people,” Senator Josh Hawley (R-MO) said. 

US Political Daily will keep you updated on any developments to this ongoing story.

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