Banking

U.S. Senator Josh Hawley (R.Mo) announced he will introduce the Banning Insider Trading in Congress Act, which would prohibit Members of Congress and their spouses from holding or trading individual stocks. The bill will require Members found in violation to return their profits to the American people. Senator Hawley said, “Year after year, politicians somehow manage to outperform the market, buying and selling millions in stocks of companies they’re supposed to be regulating....

Today U.S. Senator Josh Hawley (R-Mo.) sent a letter to JPMorgan Chase CEO Jamie Dimon calling for answers after the bank canceled their contract with Defense of Liberty, a Missouri-based organization, forcing the group to scrap a long-planned event at the last minute. WePay, which is owned by JPMorgan, was hired as a payment processor for the event but, upon learning that Donald Trump Jr. had been scheduled to speak, pulled their contract and claimed the event may be...