Saturday, February 25, 2012

Wall Street's insider trading loophole

Both houses of Congress passed the STOCK Act, the bill that would stop congressional insider trading.

But the version that passed in the House is substantially weaker than the version that passed in the Senate. House Republican Majority Leader Eric Cantor (Va.) did his campaign funders on Wall Street a huge favor by including a loophole for lobbyists and hedge fund managers who trade on congressional insider information.

We can defeat Cantor’s loophole, which would allow Wall Street’s minions to prowl the halls of Congress in search of insider info that can be turned to cash on the stock market.

Show your support for a strong STOCK Act.

Go to http://action.citizen.org/p/dia/action/public/?action_KEY=9494

2 comments:

  1. Ha, that’s actually a really good suggestion. Thanks so much for this!

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