As many as a dozen members of Congress and their aides took part in insider trading based on...

|By:, SA News Editor

As many as a dozen members of Congress and their aides took part in insider trading based on foreknowledge of market moving information, sometimes gaining "several hundred thousand dollars," disgraced D.C. lobbyist Jack Abramoff claims. But it's probably legal, because the SEC has largely determined that trading stocks based on advance knowledge of action in Congress is not insider trading.

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