THE STOCK ACT: IS IT NECESSARY AND IF SO IS IT A SUFFICIENT SOLUTION?

JOSHUA MICHAEL BRICK

The original version of the Stop Trading on Congressional Knowledge Act (hereinafter “the STOCK Act”) was introduced by U.S. Representatives Louise Slaughter (D-N.Y.) (hereinafter “Representative Slaughter”) and Brian Baird (D-Wash.) (hereinafter “Representative Baird”) in the House of Representatives on March 28, 2006.  Upon introducing the STOCK Act, Representative Slaughter explained that existing insider trading laws, did “not apply to nonpublic information about current or upcoming congressional activity.”Continue Reading…

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