ABSTRACT

STOCK Act, Insider Trading, and Public Financial Reporting by Federal Officials [December 14, 2012]   [open pdf - 235KB]

"The STOCK Act (Stop Trading on Congressional Knowledge Act of 2012) was signed into law on April 4, 2012. It affirms and makes explicit the fact that there is no exemption from the 'insider trading' laws and regulations for Members of Congress, congressional employees, or any federal officials. The law also expressly affirms that all federal officials have a 'duty' of trust and confidentiality with respect to nonpublic, material information which they may receive in the course of their official duties, and a duty not to use such information to make a private profit."

Report Number:
CRS Report for Congress, R42495
Author:
Publisher:
Date:
2012-12-14
Copyright:
Public Domain
Retrieved From:
Federation of American Scientists: http://www.fas.org/sgp/crs/index.html
Format:
pdf
Media Type:
application/pdf
URL:
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