House Overwhelmingly Passes Rep. Maloney Bill to Close Trading Loophole
January 14, 2020
January 14, 2020
WASHINGTON, Jan. 14 -- Rep. Carolyn Maloney, D-New York, issued the following news release:
The House of Representatives passed Congresswoman Carolyn B. Maloney's (D-NY) H.R. 4335, the 8-K Trading Gap Act, to 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.
Currently, when there's a significant corporate event at a public company, the company must disclose that s . . .
The House of Representatives passed Congresswoman Carolyn B. Maloney's (D-NY) H.R. 4335, the 8-K Trading Gap Act, to 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.
Currently, when there's a significant corporate event at a public company, the company must disclose that s . . .