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Judge temporarily blocks Stock Act

A federal judge Thursday temporarily blocked the government from enforcing a new insider trading law that would require about 28,000 executive branch employees to disclose details of their financial transactions on the Internet.

 

Obama signs STOCK Act to ban "congressional insider trading"

Barack Obama

President Obama on Wednesday signed the STOCK Act into law, a bipartisan bill designed to stop so-called "congressional insider trading." The measure, which passed in Congress last month, prohibits members of Congress from financial market trading based on nonpublic information they have obtained in the course of their congressional work.

 

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