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Senate advances STOCK Act to end congressional insider trading

The Senate voted Monday to begin debate on legislation that prohibits lawmakers and their staff from trading stocks based on information they learn during congressional briefings and related work. In a rare show of bipartisan support, the Senate advance the Stop Trading on Congressional Knowledge Act, or STOCK Act by…

Seven charged in U.S. insider trading probe

US authorities announced Wednesday the break-up of an alleged $78 million hedge fund insider trading scheme and said they’d charged seven people across the country. Speaking in Manhattan, the chief federal New York prosecutor, US Attorney Preet Bharara, called the ring “a club where everyone scratched everyone else’s back.” Four people were arrested and charged and…

Largest-ever insider trading probe targets Goldman Sachs

NEW YORK — Insider-trading charges are being prepared against a vast network of consultants and traders across the US financial industry in a years-long probe that a report suggests will reveal a pervasive culture of backroom dealing. The investigation could be the largest insider-trading probe in US history, The Wall…

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