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Spencer Thomas Bachus III / ˈ b æ k ə s / (born December 28, 1947) is an American politician. He is a former U.S. Representative for the state of Alabama, serving from 1993 to 2015. A member of the Republican Party , he served as ranking member (2007–2011) and chairman (2011–2013) of the House Financial Services Committee.
Insider trading is against the law, unless apparently you are a member of the United States Congress. Then it's completely legal. ... Spencer Bachus, who I've mentioned, I would pick on the ...
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Peter Schweizer points out several examples of insider trading by members of Congress, including action taken by Spencer Bachus following a private, behind-the-doors meeting on the evening of September 18, 2008 when Hank Paulson and Ben Bernanke informed members of Congress about the issues due to the financial crisis of 2007–2008, Bachus ...
Spencer Bachus [82] May 9, 2019 (Confirmed May 8, 2019, 72–22) [83] Vacant Judith Pryor [84] May 10, 2019 (Confirmed May 8, 2019, 77–19) [85] Inspector General of the Export-Import Bank of the United States Vacant International Bank for Reconstruction and Development; Governor of the International Bank for Reconstruction and Development ...
The insider trading kicked in when he began dumping his stock. As the CFO and one of the architects of the scheme, Skilling knew the company was a paper tiger but investors didn’t. In 2006, a ...
The 2020 congressional insider trading scandal was a political scandal in the United States involving allegations that several members of the United States Senate violated the STOCK Act by selling stock at the start of the COVID-19 pandemic in the United States and just before a stock market crash on February 20, 2020, using knowledge given to them at a closed Senate meeting.
The United States House Committee on Financial Services, also referred to as the House Banking Committee and previously known as the Committee on Banking and Currency, is the committee of the United States House of Representatives that oversees the entire financial services industry, including the securities, insurance, banking and housing industries.