Re:Former Equifax Manager Charged with Insider Trading
by JumpCrisscross on Thursday June 28, 2018 @05:28PM
(#17420630)
> members of Congress are not allowed to trade on information for which they are bound by either a confidentiality agreement or a fiduciary duty
Prior to 2012, Congress was actually explicitly permitted to insider trade. That was fixed by the STOCK Act [1]. It doesn't make it easy to pull up records, but it does close the loophole.
Prior to 2012, Congress was actually explicitly permitted to insider trade. That was fixed by the STOCK Act [1]. It doesn't make it easy to pull up records, but it does close the loophole.
[1] https://www.npr.org/sections/itsallpolitics/2013/04/16/17749...