Let me be clear about something I think we can all agree on: insider trading is wrong, and public officials shouldn't use their positions for personal gain. The instinct to restrict their stock trading comes from a good place.
But here's the problem with an outright ban: it treats the symptom, not the disease. If we ban stock trading, we're assuming every official will inevitably abuse inside information. That's a pretty cynical view of public service, and it punishes everyone for the actions of a few bad actors.
Instead of banning trades, we should focus on enforcing existing laws. Strengthen disclosure requirements, close loopholes, and actually prosecute insider trading when it happens. A blanket ban also means officials can't invest in growing industries or hold diversified retirement accounts. That's not just unfair—it discourages talented people from entering public service.
Let's fix the enforcement, not throw out the whole system.