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By Securities Docket on December 15, 2016, 12:01 pm
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 […]
By Securities Docket on May 11, 2015, 7:39 pm
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 […]
By Securities Docket on December 19, 2013, 4:18 pm
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 […]
By Securities Docket on November 7, 2013, 9:06 am
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 […]
By Securities Docket on April 24, 2013, 9:37 am
Earlier this month, Congress quietly repealed a key provision of the STOCK Act that applied to roughly 28,000 senior government officials.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 […]
By Securities Docket on June 24, 2012, 1:07 pm
WaPo study shows 130 members of Congress or their families have traded stocks in companies lobbying on bills that came before their committees.
By Securities Docket on April 4, 2012, 8:06 pm
After years of languishing in obscurity, STOCK Act finally becomes law.
By Securities Docket on March 20, 2012, 12:06 pm
STOCK Act momentum seems to stall out.
By Securities Docket on March 7, 2012, 4:57 pm
Sponsor concerned a weaker version of the bill could become law.