Congressional Insider Trading Loophole Lives On

A WSJ story yesterday noting that the “Stop Trading on Congressional Knowledge (the ‘STOCK Act’)” continues to languish in Congress, and that lawmakers currently can’t be held liable for insider trading based on congressional knowledge, seemed to come as a surprise to many people. But this is an issue that has been languishing for years. Full details are available in this post on my Enforcement Action blog over at Compliance Week.