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    Violations of the STOCK Act filing rules by Congress over the last 3 years [OC]
    Data

    Violations of the STOCK Act filing rules by Congress over the last 3 years [OC]

    Source: insidercat.com using House/Senate financial disclosures

    • Trades disclosed more than 45 days after execution are flagged as STOCK Act violations.
    • By party: Dems: 592 (3.5% of trades) / Reps: 1442 (15.5% of trades)
    • Notable traders: Pelosi 0%, Khanna 0.1%, Tuberville 0%, Bresnahan 0%.
    • Covers US stock/ETF trades in the last 36 months

    Posted by Due_Patient_2650

    View 13 Comments

    13 Comments

    1. Due_Patient_2650 on

      The STOCK Act requires members of Congress to disclose trades within 45 days or risk a $200 fine. See 2nd & 3rd images for details.

      The data covers US stock/ETF transactions extracted from House/Senate financial disclosures in the last 3 years. Transactions whose reporting delay exceeds the 45-day window are flagged. There may be errors in the data as some disclosures are filed by hand. 

      We estimate the total volume of transactions by using the midpoint between the disclosed dollar value ranges. We estimate returns using FIFO method to estimate changes in positions over time, and then using TWR (time-weighted returns) formula to account for cash flows. These two methods are also commonly used by portfolio trackers.

      Note: If you are, or if you work for a member of Congress, you have a right of reply. Please contact the email listed on the page for review and correction.

      Tools: Python, Next.js
      Data source: House/Senate financial disclosures

    4. yodog5 on

      This is always what happens when the penalty for a crime is just a fine. This is just the cost of doing business.

      This needs a higher penalty, like idk, prison?

    5. hikeonpast on

      The X-axis label doesn’t describe what the percentages imply on each bar, just the total number of offenses. (I know what they are, but the graph is otherwise very well done, so just offering a nitpick).

    6. badlyagingmillenial on

      So the data is saying that Republicans violate the rules significantly more often, but Democrats make better trades when they choose to do it?

    7. Khyron_2500 on

      All the homies hate Lisa McClain, but it doesn’t matter because she’s basically unopposed in a district that is like +20 for Republicans

    8. AlwaysHopelesslyLost on

      I have a feeling any republicans seeing this would immediately react by saying “see, democrats too” or “this is fake data.”

      Personally, as a democrat, my reaction is “lets investigate and potentially remove those democrats!”

    9. Ausaska on

      This doesn’t address insider trading. It simply reflects late reporting of trades. I suspect that the insider trading is much more widespread.

    11. bondguy4lyfe on

      I work in the industry. If I don’t pre-clear a trade with our compliance I’m going to be on razor thin ice. Do it again and I’m getting fired for sure.