House Version Of Insider-Trading Bill Draws Criticism

Law360, New York (February 8, 2012, 8:02 PM EST) -- The U.S. House of Representatives is considering a bill designed to prevent Congressional members from using inside information obtained through their political positions to make personal stock trades, but on Wednesday the House version drew fire for its allegedly watered-down provisions.

The Stop Trading On Congressional Knowledge Act easily passed the Senate on Feb. 2, and House Majority Leader Eric Cantor, R-Va., introduced his version to the House Tuesday night, absent certain provisions Cantor said were “unworkable” or “raised more questions than they answered."  Representatives voted...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.