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Browse: Home / 2011 / December / 13 / Congress’s Phony Insider Trading Reform

Congress’s Phony Insider Trading Reform

By Securities Docket on December 13, 2011, 12:12 pm

If the law passes in its current form, insider trading by Congress will not become illegal. I predict such trading will increase because the rules of the game will be clearer. Most significantly, the rule proposed for Congress would not involve the same murky inquiry into whether a trader owed or breached a “fiduciary duty” to the source of the information that required that he refrain from trading.

Read more: Congress’s Phony Insider Trading Reform — WSJ.com

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Posted in Industry | Tagged US Congress

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