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Congress has significant access to insider information, and can pass or not pass laws that affect many corporations. Until recently, Congress was exempt from Insider

Congress has significant access to insider information, and can pass or not pass laws that affect many corporations. Until recently, Congress was exempt from Insider Trading laws. In 2012 though the STOCK Act was passed. However, it was amended in 2013 to not require many top federal employees to disclose their financial holdings! What impact does insider trading by government officials have on market efficiency?

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