Law360 (June 10, 2019, 7:42 PM EDT) -- Congress has tried on and off for decades to prohibit insider trading, and proponents of a bill currently before the U.S. House of Representatives hope that this time will finally do the trick, while critics worry that it casts too wide a net.
Over the past few years, insider trading law has gotten more convoluted as appeals courts have continued to interpret it. A bill introduced by Rep. Jim Himes, D-Conn., would cut through the legal thicket, clearing away requirements that prosecutors have found burdensome under current law.
Columbia Law School professor Jack Coffee helped draft the bill. The current problem,...
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