> From my perspective it would make a lot more sense to only allow index fund purchases as an elected official.

The new leader[1] of the Norwegian wealth fund[2] had a large stock portfolio. There was some debacle given the influential nature of the wealth fund.

He agreed to sell the stocks and buy index funds instead, until he resigned from that position.

As you say, I think that's very reasonable. They can still make money off the general stock market lkkd the rest so they're not disadvantaged, but have very limited opportunity to benefit significantly from inside deals.

[1]: https://en.wikipedia.org/wiki/Nicolai_Tangen

[2]: https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Nor...