alt Hacker NewsTo what end? Most congressional actions that could conceivably lead to insider trading benefit aren’t directed at single companies anyway. They’re directed at sectors or policies which impact many companies, which is easily captured by ETFs.
If Congress is acting on singular companies, the congress people are usually smart enough to avoid obviously trading that singular stock.
> They’re directed at sectors or policies which impact many companies, which is easily captured by ETFs.
The abstract doesn't seem to agree. The use of "firms" and "corporate" implies individual companies.
"purchase of stocks whose firms receiving more government contracts and favorable party support on bills. The corporate access channel is reflected in stock trades that predict subsequent corporate news and greater returns on donor-owned or home-state firms."