Insider-trading investigation focuses on Bachus

Sources that are familiar with the case said Rep. Spencer Bachus (R-Ala.) is being investigated by the Office of Congressional Ethics over possible violations of insider-trading laws. According to the Washington Post, Bachus, who holds one of the most influential positions in the House as the chairman of the House Financial Services Committee, has been a frequent trader on Capitol Hill, buying stock options while overseeing the nation’s banking and financial services industries. The Office of

Read more at Birmingham Business News - Local Birmingham News | Birmingham Business Journal