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It's legal, that's the sad thing and why there is no action against it until congress takes action to make it illegal. Yes there is a massive conflict of interest there.

Not sure what part of insider trading is legal [1]

[1] https://www.businessinsider.com/congress-stock-act-violation...

I think

https://www.congress.gov/bill/117th-congress/house-bill/2655

is currently aimed at this problem.

That’s legal so I’m not sure what the SEC can do about that.