Lawmakers Revive Bill To Ban Insider Trading Amid '8-K Gaps'

Law360 (July 16, 2021, 5:38 PM EDT) -- Lawmakers are reviving a bill that would ban stock trades by company leaders during the window between a major corporate event and its public disclosure, giving the bill a second shot in what is now a Democratic-controlled Senate.

The 8-K Trading Gap Act, which the House passed last year but never advanced in the GOP-led Senate, was reintroduced Thursday by Sen. Chris Van Hollen, D-Md., and Rep. Carolyn Maloney, D-N.Y., in their respective chambers.

The lawmakers say the bill would close what they consider a loophole that facilitates insider trading by barring executives from trading during the four-day gap between when...

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