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Browse: Home / 2012 / August / 06 / Congress closes loophole in stock trading law after CNN report

Congress closes loophole in stock trading law after CNN report

By Securities Docket on August 6, 2012, 12:01 pm

House Republicans have been forced to close a potential loophole on their much-touted insider trading law — a loophole CNN uncovered and reported about last month.

Because of CNN’s report, the Senate and House passed new legislation Thursday to close the loophole that could have allowed family members of some lawmakers to profit from inside information.

via Congress closes loophole in stock trading law after CNN report – CNN

Posted in Industry, SEC, Top | Tagged Insider Trading, US Congress

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