Financial Services Chairman Under Probe for Possible Insider Trading (The Hill)

House Financial Services Committee Chairman Spencer Bachus (R-Ala.) is under investigation for possible insider trading violations. Bachus was one of several lawmakers at the center of a CBS “60 Minutes” report in November that accused top lawmakers — including Speaker John Boehner (R-Ohio) and Minority Leader Nancy Pelosi (D-Calif.) — of using information from their dealings on Capitol Hill to shape their stock portfolios. The Office of Congressional Ethics, an independent, nonpartisan agency that investigates those working within the House, has been looking into Bachus’s stock dealings, specifically several questionable trades included on his annual financial disclosure forms, since the end of last year, according to a story that appeared in The Washington Post.