Chris Josephs co-founded Autopilot, a company that has millions of dollars that copies the trading activity of Congresswoman Nancy Pelosi (D-Calif.). Despite this being part of his business, Josephs is in favor of banning Congress members from trading stocks, something he told Benzinga could be coming sooner than later.
• RTX stock is showing upward bias. What’s ahead for RTX stock?
Congress Stock Trading Ban Close?
Josephs launched the Pelosi Stock Trader years ago as a way to highlight the questionably timed trades of Pelosi on social media.
One of the reasons for launching the tracker and eventually Autopilot was a feeling of throwing up your hands and saying if Congress members can trade “right in front of us, we’re going to join them,” Josephs told Benzinga.
It’s the disgust with the concept of Congress members buying and selling stocks with potential conflicts of interest and public awareness that could finally put an end to the practice.
“I think one, the people are sick of it. I think it’s essentially getting to that point,” Josephs said. “Two, is the midterms and it’s a great thing to run on.”
Josephs told Benzinga that people running for Congress in the 2026 election and taking on incumbents are likely to use …Full story available on Benzinga.com
Lobster buffet: Chinas tech firms feast on OpenClaw as companies race to deploy AI agents
...
Read moreDetails
