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Dozens of Congress members outperformed the stock market in 2024. Here's who gained the most - and why

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Dozens of Congress members outperformed the stock market in 2024. Here's who gained the most - and why - A report into the stock performance of members of Congress comes as legislation aimed at bannin
The article from MSN discusses how dozens of members of Congress significantly outperformed the stock market in 2024, with some achieving returns as high as 200%. Key points include: Representative Brian Higgins (D-NY) led with a 238% return, largely due to investments in sectors like technology and healthcare. The article suggests that these gains might be attributed to their access to non-public information, although it does not confirm insider trading. It also highlights the ongoing debate about the STOCK Act, which aims to prevent insider trading by Congress members but has been criticized for its loopholes and lack of enforcement. The piece mentions that while some members attribute their success to diversified portfolios and financial advisors, the pattern of high returns raises ethical questions about the potential misuse of insider knowledge. Additionally, the article notes that the issue has led to calls for stricter regulations and transparency in congressional stock trading.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/dozens-of-congress-members-outperformed-the-stock-market-in-2024-ope-s-who-gained-the-most-and-why/ar-BB1rjMOg ]