Government officials allowed to invest?
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Can someone give a list or general rule of thumb for which government
officials (elected or otherwise) are NOT allowed to invest in securities?
They're all allowed to invest but must disclose it. I believe the disclosure for elected officials is once per year.
Believe it or not, SEC types may invest, too. The rules are no short selling and no options trading. Also, I believe they must hold their positions (long ones) 90 days or more. Yes, they must disclose their holdings.
[quote=ymh_ymh_ymh]
They're all allowed to invest but must disclose it. I believe the disclosure for elected officials is once per year.
Believe it or not, SEC types may invest, too. The rules are no short selling and no options trading. Also, I believe they must hold their positions (long ones) 90 days or more. Yes, they must disclose their holdings
[/quote]Don't alot of elected officials set up blind trusts to avoid many of the issues?
If I was an elected official and had to disclose holdings, I'd stick to plain broad market index funds, so I could avoid an questions about my investment holdings.
I believe Greenspan was only in short-term Treasuries, during his tenure, if I’m not mistaken.