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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 ...
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.
After an initial flurry of momentum, advocates on Capitol Hill for a ban on stock trading by members of Congress have seen progress slow. They agree on the need to ban trades but aren’t on the ...
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 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.
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 ...
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 ...