Dems seek probe into ... offices allegedly using upcoming vote

[Coexist]

INFORMATION IN STOCK TRADES.... MAY
PURSUE SEC, JUSTICE DEPT AVENUES.... SOON

http://www.rawstory.com/

I CAN'T WAIT to read this story!

[Ramsey]

1. Posted on blogs last night

AmericaBlog posted a clip of Rep Lousie Slaughter talking about Frist and Delay having day-traders working out of their offices.

This diary on dKos picks up on the topic. Rep. Slaughter said the traders were making money on insider information of pending legislation.

Nothing about this yet on a Google search of the news.

[f-bush]

2. Sounds like Frist and Delay will burn just a bit more!

[Coexist]

3. Story Up!

Note that Baird sent the letter in NOVEMBER!

<snip>
"RAW STORY has acquired a letter sent by Rep. Brian Baird (D-WA) in November of last year to the House Ethics Committee requesting a formal investigation into the matter. Meghan O'Shaughnessy, Baird's press secretary, confirmed that the committee had received the letter but has not responded to the Democrats' request.

The committee remains in flux after an internecine battle between the parties on how it would operate, and is not believed to have met this year.

In his letter, Baird writes, "I am very concerned that privileging a handful of investors with confidential information undermines investor confidence in the fairness and integrity of the securities market."

O'Shaughnessy confirmed that Baird is still aggressively pursuing the allegations. The congressman is currently drafting legislation to ban the practice, and has not ruled out bringing the allegations to the Justice Department or the Securities and Exchange Commission for a formal inquiry."