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One bill recently introduced to further curb insider trading in Congress would aim to strengthen the STOCK Act's disclosure rules. Meanwhile, a bill introduced last month by Democratic Senators ...
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.
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 ...
The bill includes a ban on stock trading by lawmakers and their immediate family, as well as Supreme Court justices. A vote could come this week.
Even Kelly, who's advocating to ban trading, shows how unclear and haphazard the system can be — he's one of the 54 lawmakers whose name appears in the Insider investigation.
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 ...
Speaker Nancy Pelosi (D-Calif.) on Wednesday teased a vote in the House on a bill to ban lawmakers from trading stocks, telling reporters that the long-awaited legislation could be ready to come ...
SEC Rule 10b-5, codified at 17 CFR 240.10b-5, is one of the most important rules targeting securities fraud in the United States. It was promulgated by the U.S. Securities and Exchange Commission (SEC), pursuant to its authority granted under § 10(b) of the Securities Exchange Act of 1934. [1]