Published 09/21/2021 4:02:26 p.m.

TikTokers Are Trading Stocks By Watching What Members Of Congress Do

Summary by Ground News

Investors are following the stock trades of sitting members of Congress for stock tips. The Stock Act requires lawmakers to disclose stock trades and those of their spouses within 45 days. So far this year, Senate and House members have filed more than 4,000 financial trading disclosures — with at least $315 million of stocks bought or sold.

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TikTokers Are Trading Stocks By Watching What Members Of Congress Do

Online stock trading has taken off, bolstered by easy apps and lower prices. Now, a community of young investors have a new strategy: looking for stock tips from members of Congress.(Image credit: @ceowatchlist; @quicktrades; @irisapp/TikTok)

09/21/2021 4:02:26 p.m.·Washington, United States

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delawarepublic.org

TikTokers Are Trading Stocks By Copying What Members Of Congress Do

Young investors have a new strategy: watching financial disclosures of sitting members of Congress for stock tips. Among a certain community of individual investors on TikTok, House Speaker Nancy Pelosi's stock trading disclosures are a treasure trove. "Shouts out to Nancy Pelosi, the stock market's biggest whale," said user 'ceowatchlist .' Another said , "I've come to the conclusion that Nancy Pelosi is a psychic," while adding that she is the…

09/21/2021 12:00:00 a.m.

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