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Congressional “self dealing” on Wall Street under attack

As for Congress, Plotkin said it might not be insider trading, but “it’s wrong.” That’s how Fairfield University Finance Professor Michael Tucker sees it, too. “They’re using access to make money… It’s self dealing,” Tucker said. While it might not meet the legal definition of insider trading, Tucker said some of the deals are inside activities, such as when a members of Congress gets a preview of an agency decision on a permit or license.

Published in Connecticut Post, Norwalk Citizen, Washington Investment.net, Wall Street Stock Share.com on 11/21/11

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