President Obama signed the STOCK Act Wednesday, forbidding members of Congress and their staffs from trading securities based on inside information. Obama said the bill, formally known as the Stop Trading on Congressional Knowledge Act, will help reduce “the deficit of trust between this city and the rest of the country.” Noting that the bill […]
Congress Passes Insider Trading Bill
March 23, 2012 By Leave a Comment
Legislation banning insider trading by members of Congress is headed to the Oval Office, without the provision calling for reporting of political intelligence activities. President Obama has said he will sign the bill. As we wrote in February, the bill passed by the Senate included a requirement that people trading in advance knowledge of government […]
Measuring the Repercussions of the Insider-Trading Bill
February 17, 2012 By Leave a Comment
What will the impact be on lobby firms if the STOCK Act becomes law? It appears increasingly unlikely that the final version of the bill, designed to prevent insider trading in Washington, will mandate registration by those engaging in political intelligence. Although the version passed by the Senate included such a provision, the House version […]
