Political Intelligence Firms – Insider Trading and Enforcement Shifts from Wall Street to K Street

The article discusses the use by advisers of political intelligence firms, and the passage of the Stop Trading on Congressional Knowledge Act (STOCK Act), which prohibits members and employees of Congress from using nonpublic information gained in connection with the performance of the individual’s duties for personal benefit. As the authors note, “just as with expert networks, political intelligence firms and the investors who use them should be aware of the potential insider trading issues raised by the use of political intelligence and take steps to reduce their regulatory risk.”

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