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Join the Securities Litigation and Enforcement Group on LinkedInExpanding Insider Trading? House of Representatives Passes the “Insider Trading Prohibition Act” With Bi-partisan Approval | Ideas | Insights | Baker Botts
On December 5, 2019, by an overwhelming 410-13 majority, the U.S. House of Representatives passed the “Insider Trading Prohibition Act” (the “ITPA” or the “Act”). While still subject to Senate approval, the passage of the ITPA in the House is significant because it shows wide, bi-partisan approval for codifying – and potentially broadening – the […]
Insider Trading Prohibition Act: Why 12 Republican Representatives Voted Against It | Fortune
Huizenga said it’s unlikely the bill will see the light of day in the Senate anyway, but that he did talk to Himes after the vote and the pair agreed to continue to work on the language in the bill. “The Senate banking committee has gone 500-plus days without even having a markup, so there’s […]
U.S. SEC chair says agency will not impose ‘caps’ on whistleblower awards – Reuters
Asked at a Senate hearing on Tuesday if the rule will be consistent with the statute, which prohibits the SEC from capping awards, Clayton said: “Absolutely.” He added: “I can tell you that what our proposal was intended to do was to make it clear how we make those decisions at the top end and […]