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REDDIT
Why don’t we make politicians trade like CEOs: lock them into 10b5-1 plans
No timing trades on secret information. Just automatic, pre-scheduled buys and sells through 10b5-1 style trading plans, similar to what many corporate executives already use. Lawmakers still get to invest and build wealth, but the opportunity to profit from nonpublic information is dramatically reduced. The public gets greater transparency, confidence in the process increases, and accusations of insider trading become far less common. It’s a straightforward reform that protects both elected officials and the integrity of our markets.