Prof. Painter Interviewed on Members of Congress Committing Insider Trading

Professor Richard Painter was quoted in a Washington Post story on Members of Congress who traded in stocks of companies affected by federal legislation, in some cases shortly after confidential meetings with Treasury Department officials. Painter pointed out that it would be illegal insider trading for a Member of Congress, or anyone else, to trade on the basis of confidential information misappropriated from the United States government. Painter was also interviewed on Fox Business News on this same topic, and he again told viewers that Members of Congress cannot legally trade on the basis of confidential information they learn from any part of the United States government.