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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 ...
Nevertheless, Congress didn't exempt itself from the law against insider trading -- at least in part because there isn't one. Unlike some other countries, the United States has no law forbidding ...
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 ...
Sometimes a subtitle tells you quite a lot about a book. The one for Peter Schweizer's Throw Them All Out reads: How Politicians and Their Friends Get Rich Off Insider Stock Tips, Land Deals, and ...
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.
Update (Jan. 30, 9:30 p.m. EST): Earlier this evening, the Senate voted 93-2 in favor of allowing debate to go forward on the STOCK Act. According to ABC News, the Senate could approve final ...
The past few weeks have seen a flurry of activity around the STOCK Act. The congressional insider trading ban, which languished in the House for nearly six years, passed the Senate with a 96-3 ...
President Joe Biden lent his voice to growing bipartisan calls on the Hill to end stock trading for congressional members on Tuesday. "I don't know how you look your constituents in the eye and ...