House Financial Services Committee Chairwoman Maxine Waters, D-Calif., and ranking member Rep. Patrick McHenry, R-N.C., introduced bipartisan legislation Friday to curb insider trading.
The Promoting Transparent Standards for Corporate Insiders Act, H.R. 624, requires the Securities and Exchange Commission to amend Rule 10b5-1 to ensure corporate insiders are unable to indirectly engage in illegal insider trading through changes to their trading plans.
via Waters, McHenry Introduce Bill to Curb Insider Trading | ThinkAdvisor.
