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The 2020 congressional insider trading scandal was a political scandal in the United States involving allegations that several members of the United States Senate violated the STOCK Act by selling stock at the start of the COVID-19 pandemic in the United States and just before a stock market crash on February 20, 2020, using knowledge given to them at a closed Senate meeting.
A bipartisan proposal to ban trading by members of Congress and their families has dozens of sponsors, but it has not received a vote. Although lawmakers are required to disclose stock ...
Steve Buyer, the former Republican representative for Indiana, was sentenced to 22 months in prison and ordered to forfeit more than $300,000 as well as pay a $10,000 fine for insider trading on ...
The Stop Trading on Congressional Knowledge (STOCK) Act of 2012 (Pub. L. 112–105 (text), S. 2038, 126 Stat. 291, enacted April 4, 2012) is an Act of Congress designed to combat insider trading. It was signed into law by President Barack Obama on April 4, 2012.
A former Republican lawmaker who served in Congress for nearly two decades was sentenced Tuesday to almost two years in prison over insider trading charges.. Former Rep. Stephen Buyer was ...
Khanna introduced a five-point reform ban to ban stock trading for members and spouses, to ban all PAC and lobbyist money, to have term limits for members of Congress and Supreme Court Justices, to ban Members of Congress from ever becoming lobbyists, and to have a judicial code of ethics for the Supreme Court. [126] [127]
The stock sales made by various lawmakers from both parties during the March banking turmoil are renewing calls for an outright ban of Congressional trading. Congress hasn't banned lawmakers from ...
Congressional stock trading is back in the limelight following a New York Times analysis that found 97 members of Congress engaged in stock market transactions that could potentially be seen as ...