House Financial Services Unanimously Passes Maloney Bill to Close Trading Loophole
September 20, 2019
September 20, 2019
WASHINGTON, Sept. 20 -- Rep. Carolyn Maloney, D-New York, issued the following news release:
The House Committee on Financial Services today passed Congresswoman Carolyn B. Maloney's (D-NY) H.R. 4335, the 8-K Trading Gap Act, unanimously out of committee.
The 8-K Trading Gap Act would fix a loophole in our current law that allows corporate executives to trade on information before it's disclosed to the public and to their own shareholders. Right now, when there's a sign . . .
The House Committee on Financial Services today passed Congresswoman Carolyn B. Maloney's (D-NY) H.R. 4335, the 8-K Trading Gap Act, unanimously out of committee.
The 8-K Trading Gap Act would fix a loophole in our current law that allows corporate executives to trade on information before it's disclosed to the public and to their own shareholders. Right now, when there's a sign . . .