U.S. lawmaker Bachus cleared in insider trade probe

An ethics investigation has found no evidence of insider trading violations involving Representative Spencer Bachus, the chairman of the U.S. House committee that oversees financial markets, his office said on Monday.

The board of the Office of Congressional Ethics, an independent agency, recommended on Friday that the House Ethics Committee dismiss allegations raised in media reports that Bachus may have used non-public information to make investments.

via U.S. lawmaker Bachus cleared in insider trade probe — Reuters