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.
‘Enforcement 40’ for 2020
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