The U.S. House of Representatives has overwhelmingly approved a bill banning lawmakers and other government officials from insider trading. The Stop Trading on Congressional Knowledge Act, or STOCK Act, passed Thursday on a vote of 417-to-2. The House bill needs to be reconciled with the Senate’s version of the legislation, which includes new regulation on […]
US House Lawmakers Approve Insider Trading Bill
Posted February 9th, 2012 at 2:45 pm (UTC-5)
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US Senate Passes Insider Trading Ban
Posted February 2nd, 2012 at 6:55 pm (UTC-5)
The U.S. Senate has passed a bill to stop members of Congress, top aides and senior administration officials from buying or selling stocks based on information not available to the public — a practice known as “insider trading.” The Senate passed the bill Thursday by a vote of 96 to 3. It now goes to […]
Wall Street Executive Faces Insider Trading Charges
Posted October 26th, 2011 at 12:00 pm (UTC-5)
A prominent Wall Street executive has surrendered to U.S. authorities to face charges that he illegally leaked confidential corporate information in an insider stock trading case. Rajat Gupta, a native of India, was once the head of the well-known McKinsey global consulting firm and later a director at the worldwide Goldman Sachs investment bank. But […]
US Jury Convicts 3 in Insider Trading Case
Posted June 13th, 2011 at 12:45 pm (UTC-5)
A U.S. federal jury has convicted three Wall Street traders of fraud as part of a government crackdown on insider trading in the hedge fund industry. The jury in New York’s Manhattan district announced the guilty verdicts Monday in the cases of former Galleon trader Zvi Goffer, his brother Emanuel and Michael Kimelman. The three […]
