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By: oldCADuser in FFFT | Recommend this post (2)
Fri, 06 Apr 12 1:38 AM | 95 view(s)
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Obama signs Stock Act into law

by Kathleen Pender

Thursday, April 5, 2012

President Obama has signed an act making it clear that members of Congress cannot use confidential information they learn on the job to trade stocks or other securities for their personal benefit.

The insider trading ban also applies to their staff and officials in the executive and judicial branches of federal government.

Similar bills had been introduced in the past few years but went nowhere until a "60 Minutes" episode in November focused on questionable stock trades by members of Congress...

For the full article, go to:

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/04/05/BUK01NUS1S.DTL

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