Martha Stuart can go to Jail but not Congressmen

Congress protects itself, from US Insider Trading Laws. Securities Exchange Act of 1934, rules, regulations, and penalties

The Securities Exchange Act of 1934 was passed by Congress and signed by President Franklin D. Roosevelt following the 1929 stock market crash as the first federal law to regulate securities trading. Under this Act, the US Securities Exchange Commission (SEC) was created to regulate and oversee the US securities markets and to prescribe rules to protect investors and keep the markets free from fraud. The Act has been revised over the years by Congress and supplemented by rules and regulations put forth by the SEC. The Act remains the authoritative federal law that governs insider trading in the United States (as of May 7, 2008). Individual states may also have their own state-specific insider trading laws.

Our presentation below provides the sections of the Securities Exchange Act of 1934 and their corresponding federal regulations adopted by the SEC that cover U.S. insider trading law.

This page was lasted updated May 7, 2008. So now you know why Congress salary is 179,000. a year and they are all millionaires. You and i do what they do, go to jail do not pass go, ask old Martha Stuart