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Browse: Home / 2012 / February / 03 / Why three senators said no to an insider trading ban in Congress

Why three senators said no to an insider trading ban in Congress

By Securities Docket on February 3, 2012, 8:34 pm

The measure the Senate approved Thursday to ban lawmakers from stock trading on inside information didn’t just pass. It waltzed through the chamber, gathering a whopping 96-vote majority in a bipartisan display that’s become rare in the extreme these days…. So considering the bill could have as easily been called the No Brainer Act, how could anyone vote against it? Well, three people found reasons: Republican Sens. Richard Burr (N.C.) and Tom Coburn (Okla.) and Democratic Sen. Jeff Bingaman (N.M.).

via Why three senators said no to an insider trading ban in Congress – The Term Sheet.

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Posted in Criminal, SEC, Top | Tagged STOCK Act, US Congress

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