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Investors, worried they can't beat lawmakers in stock market, copy them instead
A loose alliance of investors, analysts and advocates is trying to let Americans mimic the trades elected officials make — but only after they disclose them.
Now a loose alliance of traders, analysts and advocates is trying to let Americans mimic the trades elected officials make, offering tongue-in-cheek financial products — including one named for former House speaker Nancy Pelosi (D-Calif.) and another that refers to Sen. Ted Cruz (R-Tex.) Quiver Quantitative, the company Kardatzke co-founded that year with his twin brother, Chris, offers a data platform that highlights congressional trades and potential conflicts of interest, including lawmakers’ corporate donors, proposed legislation and net worth. Ideally, Mullin and other members of Congress who own stocks would put them in a blind trust, said Kedric Payne, former deputy chief counsel of the Office of Congressional Ethics, who now serves as the vice president of the Campaign Legal Center.
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