Bryson Morgan Comments on Blind Trusts in New York Times
Perhaps you’ve lost some money betting on stocks, like MetaZuckerbook, and you feel you ought to do something in the face of a wildly swinging market where a giant company can soar or lose a quarter of its value in a day.
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Two Senate Democrats, Mark Kelly of Arizona and Jon Ossoff of Georgia, are sponsoring a bill to limit members of Congress’s trading activity, and they have blind trusts themselves. Unfortunately, their offices would not put me in touch with their lawyers or investment advisers to discuss the trusts’ mechanics or either man’s investing philosophy.
But other lawyers who have set up blind trusts said the vehicles were often a kind of last resort. “It’s a little bit of a pain,” said Bryson B. Morgan, who practices with the political law and exempt organizations groups at Caplin & Drysdale in Washington. “There are various other easier ways to deal with conflicts of interest.”
For the full article, please visit The New York Times’ website.