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House members’ stock market success suspect…

It’s no secret that members of Congress are political insiders, but an extensive new survey suggests they may also be insiders when it comes to trading stocks.

A study published in the journal Business and Politics Wednesday found that members of the House of Representatives outperform the average investor when it comes to buying and selling stocks by 55 basis points per month, or six percent annually.

“We find strong evidence that members of the House have some type of non-public information which they use for personal gain,” according to the academic authors of the study, “Abnormal Returns From the Common Stock Investments of Members of the U.S. House of Representatives.”

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