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Congressional stock trading has fallen off sharply this year, according to an analysis by a popular financial news site and some insiders believe its because US lawmakers are feeling heat from a possible legislative clampdown.

The volume of stock trades made by members of Congress tumbled more than 75% in the nine months of this year to just 1,800 trades versus 8,000 a year earlier, according to data from Unusual Whales. 

Former House Speaker Nancy Pelosi has made just six trades this year as a congresswoman representing San Francisco. Those include selling Roblox shares, buying Apple and Microsoft shares and acquiring a stake in a luxury hotel, according to recent filings.

Thats a steep dropoff from the 39 trades she made in 2022, the 24 trades she made in 2021, and the 38 trades she made in 2020.

A spokesperson for Pelosi did not respond to a request for comment.

While the markets have been bumpy this year, overall trading volume is down just 10%, according to CBOE data, versus the three-quarters plunge inside Congress.

Passing legislation, sources say, is critical to keep Congress from trading again.

If a movement doesnt turn into a law, Congress isnt going to remain scared, Jeff Hauser, founder of nonprofit watchdog the Revolving Door Project, said. The combination of a bill that could pass and the broader conversation acts as a deterrent.

Ethics experts say the another reason may simply be that members dont feel the trades are worth the trouble anymore.

Federal Reserve governors Eric Rosengren and Robert Kaplan resigned after scrutiny of their trades. Now-retired Sen. Richard Burr stepped down as Chair of the Intelligence Committee and now-ex-Sen. James Inhofe resigned after scrutiny of trades. 

It may not be worth the grief, Charles Stewart III, a political science professor at MIT, told On The Money.

The founder of Unusual Whales, who prefers to remain anonymous, notes that members of Congress have lately been far more diligent about filing their trades quickly. The STOCK Act requires members to file their trades within 45 days but members of Congress like Pelosi lately are filing within just a few days.

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There is limited upside and maybe a lot of downside to congressional trading these days, agrees Thomas Hayes, chairman at Great Hill Capital. Shining a light on this has played a big role.

Another issue: Some of the most lucrative, valuable stocks like Google and Amazon which Pelosi had snatched up are presenting an even greater conflict of interest than they did previously.

The tech high flyers that many members wanted to trade in are politically fraught these days a reference to lawsuits both Google and Amazon are facing, Stewart adds.

While some applaud the recent trend, others are more cautious and note stronger laws against stock trading need to be codified. 

Attention helps and attention makes transparency more effective, Jeff Hauser, founder of nonprofit watchdog the Revolving Door Project, said. But even more effective than transparency is strict rules.

As for the question of whether regulators will ever be willing to regulate themselves, the answer is almost always no. Still, Hauser is optimistic that with enough sticks not to mention the dwindling supply of carrots lawmakers could eventually succumb. 

If the momentum grows big enough, it could pass, Hauser said. And it only has to pass one time.

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Entertainment

Michelle Trachtenberg: Gossip Girl and Buffy The Vampire Slayer actress dies aged 39

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Michelle Trachtenberg: Gossip Girl and Buffy The Vampire Slayer actress dies aged 39

Gossip Girl and Buffy The Vampire actress Michelle Trachtenberg has died aged 39.

The actress was found dead at her home in New York City after officers responded to a 911 call just after 8am local time this morning.

An investigation into her death has been opened but “criminality is not suspected”, police said.

Trachtenberg was best known for her work as Dawn Summers in Buffy, the younger sister of the title character played by Sarah Michelle Gellar between 2000 and 2003.

(L-R) Sarah Michelle Gellar and Michelle Trachtenberg in Buffy The Vampire Slayer. Pic: Rex/20th Century Fox/Everett/Shutterstock
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Sarah Michelle Gellar and Michelle Trachtenberg in Buffy The Vampire Slayer. Pic: Rex/20th Century Fox/Everett/Shutterstock

Between 2008 and 2012, she played Georgina Sparks on Gossip Girl – the malevolent rival of Blake Lively’s Serena van der Woodsen and Leighton Meester’s Blair Waldorf.

She also starred in the movie 17 Again, where she portrayed daughter Maggie O’Donnell, comedy film Eurotrip and the 2005 teen film Ice Princess.

(L-R) Blake Lively and Michelle Trachtenberg in Gossip Girl. Pic: Rex/CW Network/Everett/Shutterstock
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Blake Lively and Michelle Trachtenberg in Gossip Girl. Pic: Rex/CW Network/Everett/Shutterstock

Trachtenberg thanked Gellar for speaking out against Joss Whedon in 2021, following abuse allegations made against the Buffy showrunner.

“I am brave enough now as a 35-year-old woman to repost this,” she wrote on social media, and alluded to “his not appropriate behaviour” she experienced as a teenage actor.

In response to claims on the set of Buffy, Mr Whedon told Vulture that he was not as “civilised” as he was now and admitted yelling at the cast – but dismissed several other claims.

Meanwhile, her co-star on Gossip Girl Ed Westwick said in an Instagram Story that he was “so sad to hear of the passing of Michelle Trachtenberg sending prayers”.

Ed Westwick's  tribute to Trachtenberg on Instagram. Pic: Instagram/@edwestwick
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Ed Westwick’s tribute to Trachtenberg on Instagram. Pic: Instagram/@edwestwick

Trachtenberg’s first big break into Hollywood came in 1996, starring in the big screen adaptation of Harriet the Spy.

In 2001, she received a Daytime Emmy nomination for hosting Discovery’s Truth or Scare.

Her most recent film appearance came last year when she played the role of Michelle Cody White in Spyral.

Trachtenberg posted on social media in recent months to tell fans she was OK despite concerns that she appeared frail.

She responded to one commenter: “Did you lose a calendar and not realise I’m not 14. I’m 38.”

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UK

Rania Alayed: Human remains found in search for body of murder victim

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Rania Alayed: Human remains found in search for body of murder victim

Police searching for the body of a murder victim have found human remains in North Yorkshire.

Mother of three Rania Alayed was murdered in 2013 by her husband Ahmed al Khatib, of Gorton, Manchester, who was jailed for life the following year.

Her body was never recovered and multiple searches have taken place in the years since then, said Greater Manchester Police (GMP).

Police at the scene by the A19 in Thirsk
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Police at the scene along the A19 in Thirsk

On Tuesday, after receiving new information, GMP officers located buried human remains by the A19 in Thirsk.

The force said in a statement: “While no official identification has taken place, we strongly suspect the remains are that of Rania.

“Her family have been informed of the latest development and are being supported by specially trained officers. They remain at the forefront of our minds.”

Ms Alayed’s son, Yazan, speaking on behalf of their family, said: “The discovery of my mother’s remains more than a decade onwards has come as a surreal surprise to me and my family.

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“At last, being able to provide a final resting place is all we have wanted for the last 11 years, to have the ability to lay down a few flowers for my mother is more than I can ask for from this world.”

Police at the scene by the A19 in Thirsk

Detective Chief Inspector Neil Higginson, from GMP’s major incident team, said Ms Alayed’s murder was “utterly horrific” and not knowing where her body was had caused further pain to those who knew her.

“More than a decade after her murder, we now strongly believe we have located Rania’s body and are finally able to provide closure to her family, who we know have endured so much pain and grief over the years.

“Rania’s family have always been kept informed following our searches over the last few years, and we are providing them updates as we get them following this most recent development,” he said.

During Mr al Khatib’s trial, a court heard how Ms Alayed was born in Syria and met her husband when she was 15.

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The couple fled the Middle East, eventually moving to England.

They had three children but eventually Ms Alayed left the unhappy marriage which had been marred by violence from her husband, the trial heard.

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Sports

Ohtani to make spring training debut vs. Angels

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Ohtani to make spring training debut vs. Angels

GLENDALE, Ariz. — Dodgers manager Dave Roberts says three-time MVP Shohei Ohtani will make his first spring training appearance of the year Friday night against his old team, the Angels.

Ohtani, 30, will be the designated hitter. Roberts has not given a timetable for Ohtani’s return to the pitcher’s mound other than to say he hopes it would be “sooner than later.” Roberts has ruled Ohtani out for the March 18-19 season-opening series in Tokyo against the Chicago Cubs.

Ohtani injured his left shoulder sliding into second base during the World Series, when the Dodgers beat the New York Yankees in five games. He did not pitch last season, his first with the Dodgers, while recovering from surgery to repair a ligament in his throwing elbow.

Playing exclusively as a batter, he hit 54 home runs with 59 stolen bases — the first person in the major league 50/50 club — and won his third unanimous MVP award.

As a pitcher, Ohtani is 38-19 with a 3.01 ERA, including a 10-5 record and 3.14 ERA in 2023 before he was injured that August.

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