Based on stories in The Hill and in Business Week Josh Orton has written a dKos Diary describing how both Tom DeLay and Bill Frist have had individuals working inside their offices to do day trading to take advantage of inside information on pending legislation.
Americablog reports that this has been reported on Air America (in Windows Media format or mp3.) Josh Marshall at TPM reports that Rep. Louise Slaughter (D - NY, 28th District) says this is true.
This practice may or may not be illegal according to the SEC. Whatever else it is, it is a violation of ethics by Frist and DeLay, and should lead to the voters removing them from office.
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