Insider Trading Ban for Lawmakers Clears Congress – NYTimes.com

Insider Trading Ban for Lawmakers Clears Congress – NYTimes.com.

I couldn’t help but post this article.  Just the thought that this was allowed to happen before this bill cleared is unconscionable.  Would you want the types of Conflict of Interest problems that could arise from this at YOUR company?  Anyone want to talk to Martha Stewart about insider trading?

According to the Government Researcher on Wolters Kluwer Law & Business Intelliconnect:

Organizational Conflicts of Interest. Under FAR 2.101, an organizational conflict of interest arises when a person has a competitive advantage, is unable or potentially unable to render impartial assistance or advice to the government because of other activities or relationships with other persons, or his or her objectivity in performing the contract work is or might be otherwise impaired. According to FAR 9.502, “an organizational conflict of interest may result when factors create an actual or potential conflict of interest on an instant contract, or when the nature of the work to be performed on the instant contract creates an actual or potential conflict of interest on a future acquisition.”

I believe if you make the laws, you can’t circumvent the laws.  I also believe that there is clearly an organizational, if not a personal COI when it comes to all things congressional.

About Marty Herbert

With 13 years of government contract administration, analysis, finance, and audit experience, I have established a firm baseline in ethics and a specialization in government contracts that has prepared me to become a subject matter expert in my field. I am currently working on enhancing government contracts management and compliance through workflow tools and product offerings - attempting to make the process proactive as opposed to reactive.
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