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Join the Securities Litigation and Enforcement Group on LinkedInTrump’s businesses could trip insider-trading law – POLITICO
Democrats are exploring a new strategy to pressure Donald Trump over his business conflicts of interest, arguing that an insider trading law would make it a crime for him to profit on information he learns as president. The STOCK Act, adopted in 2012, was designed to restrict insider trading by members of Congress and their […]
Congress Tells Court That Congress Can’t Be Investigated for Insider Trading – The Intercept
In a little-noticed brief filed last summer, lawyers for the House of Representatives claimed that an SEC investigation of congressional insider trading should be blocked on principle, because lawmakers and their staff are constitutionally protected from such inquiries given the nature of their work. via Congress Tells Court That Congress Can’t Be Investigated for Insider Trading – The […]
Defendant Rationalized Insider Trading Was OK Because ‘Members of Congress Can Do It’ – Compliance Week
I have heard countless rationales through the years for why people engage in insider trading, but here is a new one courtesy of today’s case filed by the SEC against a Microsoft employee: “‘I told myself, ‘Members of Congress can do it.’” via Defendant Rationalized Insider Trading Was OK Because ‘Members of Congress Can Do […]
House Ethics Committee Warns Congress: No Shares in Twitter IPO for You! – Compliance Week
Shortly before today’s highly-anticipated IPO of Twitter, the House Committee on Ethics issued a reminder that under the “Stop Trading on Congressional Knowledge” Act (STOCK Act), members, officers, and employees of Congress are prohibited from participating in IPOs in a manner “other than is available to members of the public generally.” via House Ethics Committee […]
Jon Stewart Rains Down on Congress for Weakening STOCK Act – Compliance Week
Earlier this month, Congress quietly repealed a key provision of the STOCK Act that applied to roughly 28,000 senior government officials. It was not quiet enough to escape notice by Comedy Central’s Jon Stewart, however, who ridiculed Congress last night for weakening the STOCK Act in his standard, scathing fashion. via Jon Stewart Rains Down […]
Members of Congress trade in companies while making laws that affect those same firms
WaPo study shows 130 members of Congress or their families have traded stocks in companies lobbying on bills that came before their committees.
Ignored For Six Years, STOCK Act Finally Becomes Law
After years of languishing in obscurity, STOCK Act finally becomes law.
Slaughter worries as STOCK Act loses steam
Sponsor concerned a weaker version of the bill could become law.