Trading App Founder Slams Congress for Insider Training

Trading app founder Chris Josephs has raised concerns about insider trading on Capitol Hill, suggesting the need for new legislation to address the issue. Josephs, who operates Autopilot, a trading app allowing users to mimic stock trades made by Congress members, believes lawmakers are using privileged information to profit from the stock market. He pointed out politicians like Nancy Pelosi and Marjorie Taylor Greene as alleged offenders, emphasizing that both sides of the aisle engage in profiting from crises such as the housing market crash, the Covid pandemic, and President Trump’s tariff decisions. While acknowledging that his app has attracted $500 million from the public, Josephs is advocating for stricter laws against insider trading in Washington, D.C., despite risking his business’s future. He stressed the importance of transparency and the inadequacy of existing regulations, urging for more effective measures to prevent unethical trading practices. The full interview with Josephs discussing these issues can be watched on “TMZ Live.”