Insider Trading
WASHINGTON, DC - FEBRUARY 02: U.S. Sen. Charles Schumer (D-NY) (C) speaks as Sen. Kirsten Gillibrand (D-NY) (L), and Senate Majority Leader Sen. Harry Reid (D-NV) (R) listen during a news conference on the STOCK Act February 2, 2012 on Capitol Hill in Washington, DC. The Senate is scheduled to vote on the amendments and the passage of the bill this afternoon.
Connections
Quotes
Apple pleaded guilty to one count of conspiracy to commit securities fraud.
Here we make a solemn declaration: the CSRC has zero tolerance for insider trading and crimes in the securities and futures markets
There is no reason why trading by members of Congress or their staff members would be considered 'exempt' from the federal securities laws, including the insider trading prohibitionsMore quotes »
Newsday's coverage
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Editorial:Keep insider trading bill strong
voted last week to explicitly ban insider trading by its members, their relatives, staff and executive branch employees. After languishing for years, the bill prohibiting these folks from cashing in on nonpublic information learned on the job moved quickly Read more »
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U.S. Senate votes to advance STOCK Act
there's ambiguity on that point.The bill bars insider trading by members of Congress, staff and families; affirms that insider trading laws apply to Congress; requires lawmakers to file online reports of stock trades within 30 days of the transaction; and Read more »
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Congress tries to police itself on insider trading
to dump them all, members of Congress hope to regain some sense of trust by subjecting themselves to tougher penalties for insider trading and requiring they disclose stock transactions within 30 days.A procedural vote Monday would allow the Senate later this Read more »
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Feds' charges target insider trading
U.S. Attorney Preet Bharara . "Today's charges illustrate something that should disturb all of us: They show that insider trading activity in recent times has, indeed, been rampant and routine." Bharara 's office has secured 56 insider trading convictions Read more »
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Panel OKs ban on lawmaker insider trading
lawmakers to file their personal financial disclosure statements electronically. It also added a provision to apply the insider-trading ban to all federal employees.But the committee dropped, for now, a provision that would require lobbyist registration by Read more »
Around the web
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The Punch Insider Trading Case: A Peek at Einhorn on the Job
Foley/Bloomberg NewsDavid Einhorn, chief of Greenlight Capital, was fined about $11 million last month in the insider trading case. Greenlight Capital’s David Einhorn has gained a reputation as one of the sharpest hedge fund investors around. Thanks to the 50 m ago from Dealbook Read more »
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Insider trading: Why does Congress need a separate law? [Ask a Think Tank]
and coverage may require additional statutory action. As it relates to coverage, Congress is already under existing insider trading laws. They can no more legally benefit from inside company information than you or I. The complication comes when the actions 52 m ago from The Washington Post Read more »
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The Daily Show Attacks DC's Insider Trading
(rather powerful) spotlight on an issue that causes almost instant outrage. If you're in the mood for a primer on Congress' insider trading proclivities - complete with a dash of righteous indignation - here are two entertaining and informative clips. This 11:24 AM from Advanced Trading Read more »
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What is Congress Thinking?
insider trading -- the trading of stocks and other securities by people who have access to non-public information. Insider trading is a felony, and for good reason: The belief that markets can be gamed by people with privileged access to information can destroy 11:12 AM from Crosswalk Read more »
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Highlights of the Punch-Greenlight transcript
UK Financial Services Authority this morning marked the close to the Greenlight Capital-Punch Taverns insider trading affairs, fining former Bank of America Merrill Lynch banker Andrew Osborne £350,000 for his part in the scandal. In the final notice, the 10:47 AM from Financial News Read more »