Search results
Results From The WOW.Com Content Network
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 ...
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 maximum value of all self-reported trades by members of Congress in 2023 was ... which was helped by the fact that those in Congress are exempt from certain insider trading rules. Some of ...
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 ...
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 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.
When Congress amends the securities laws, those amendments have their own popular names (a few prominent examples include Securities Investor Protection Act of 1970, the Insider Trading Sanctions Act of 1984, the Insider Trading and Securities Fraud Enforcement Act of 1988 and the Dodd-Frank Act). These acts often include provisions that state ...
More lawmakers are rallying behind legislation to ban stock trading by members of Congress. ... by Insider found that 54 members of Congress have failed ... salary if they break the rules.