This sounds wonderful, but how do we prevent them from moving this activity into the names of their children? Remember these families are run like dynasties. As I read this rule, if Joe were a member of Congress, there would be no penalties if Hunter were to do all his trading for him.

There needs to be a section specifically addressing the consequences of any immediate family member, not just the spouse, who is found to be participating in insider trading. This would be a much messier piece of legislation, but otherwise it is toothless.