US Loses Bid To Sink STOCK Act Privacy Suit

Law360, New York (March 27, 2013, 8:52 PM EDT) -- A Maryland federal judge on Wednesday trimmed a lawsuit filed by groups representing federal officials who oppose the government’s STOCK Act — which requires federal employees to disclose their financial holdings online — but left intact a claim that the act invades their privacy.

The Stop Trading on Congressional Knowledge Act was passed in April with the intention of creating greater transparency for the financial activities of government officials like members of Congress. The act could cover as many as 28,000 employees, including high-ranking officials from...
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