BREAKING NEWS

New funds to mimic congressional stock trades as lawmakers waffle on ban

Tom

Img Source - Google

Two new exchange-traded funds named after House Majority Leader Nancy Pelosi and Sen.  

Img Source - Google

Ted Cruz are aimed at making it easier for everyday investors to copy their trades.  

Img Source - Google

Members of Congress are still trying to figure out how to ban themselves from buying and selling individual stocks. 

NANC, KRUZ would seek to score returns by imitating Republicans' trades.  

Img Source - Google

NANC aims to "achieve long-term capital appreciation" by mimicking the trades of Democrats in Congress.  

Img Source - Google

Img Source - Google

The Republican ETF would trade under the KRUz ticker in honor of Ted Cruz. 

Img Source - Google

Members of Congress are required to disclose their stock trades, though they often do so weeks or months after making them. 

Dozens of lawmakers across both parties have made curiously timed trades. 

House Minority Leader Nancy Pelosi and Texas Sen. Ted Cruz have said they support a ban on members of Congress trading stocks. 

But it appears unlikely that a bill banning stock trading in Congress will come up for a vote before the midterm elections, which are likely to be held in November. 

Read Full Article  

Swipe up the link