STOCK Act Faces Uphill Battle, And Doesn’t Go Nearly Far Enough

MSNBC offers an important analysis of what is going on in Washington over the problem of congressional insider trading.  As they point out,  the big problem is going to be enforcing the law.  The bottom line however is that the STOCK Act in my opinion does not go nearly far enough.  It will not stop lucrative IPOs which are simply a form of legal bribery,  and the act will do nothing about land deals.   And do we honestly think that the Securities and Exchange Committee (SEC) or any agency is going to take on a powerful member of congress?