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Insider Trading Prohibition Act: To amend the Securities Exchange Act of 1934 to prohibit certain securities trading and related communications by those who possess material, nonpublic information. H.R. 2662: April 19, 2021: IG Independence and Empowerment Act: To amend the Inspector General Act of 1978, and for other purposes. H.R. 2668: April ...
In a new interview with Yahoo Finance taped on Jan. 27, progressive Congresswoman Alexandria Ocasio-Cortez explained why it's difficult to convince lawmakers to rein their own stock trading.
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. The law prohibits the use of non-public information for private profit, including ...
President Joe Biden this week announced an endorsement of a stock-trading ban for US lawmakers, making a last-minute entry into an issue that has bedeviled Capitol Hill for years.
Sen. Mark Kelly of Arizona joined with fellow Democratic Senator Jon Ossoff of Georgia last week to lay down a marker on when their colleagues on Capitol Hill should be able to trade stocks.
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.
Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) based on material, nonpublic information about the company. [1] In various countries, some kinds of trading based on insider information is illegal. The rationale for this prohibition of insider trading differs between countries/regions.
When it comes to financial scams, seniors are among the most frequent targets -- to the tune of $2.9 billion in lost money a year in the United States, according to the U.S. Senate Special ...