Biden Campaign Bans Staff From Trading Stocks Without ApprovalBy
Policy aims to prevent trading on nonpublic information
Stock trading ban is unusual for presidential campaigns
The Biden campaign is forbidding staff from trading individual stocks without approval from the campaign’s general counsel, according to an email sent by the Democratic nominee’s top lawyer to staff on Monday afternoon.
Joe Biden’s general counsel, Dana Remus, wrote in an email to staff obtained by Bloomberg News that the campaign is updating its employee handbook to “ensure that staff do not even inadvertently trade on nonpublic information.” The rule says staff cannot trade stocks “without advance written approval of the General Counsel,” and it will remain in effect until Dec. 14, 2020, the date the Electoral College votes.