Showing posts with label Congress. Show all posts
Showing posts with label Congress. Show all posts

Wednesday, December 21, 2011

Inside Capitol, Investor Access Yields Rich Tips - WSJ.com

Inside Capitol, Investor Access Yields Rich Tips - WSJ.com:

"When Senate Democrats finally brokered a compromise over the proposed health-care law, a group of hedge funds were let in on the deal, learning details hours before a public announcement on Dec. 8, 2009.

The news was potentially worth millions of dollars to the investors, though none would publicly divulge how they used the information. They belong to a select group who pay for early, firsthand reports on Capitol Hill."

It just goes on and on:


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Tuesday, December 06, 2011

Congress and insider trading, a step in the right direction

Remember the 60 Minutes piece about Congressional Insider trading?  Well now that everyone knows about it, it appears the Stock Act (blocking insider trading by congress) may be passed.  Will it be enforced?  Will the SEC be afraid to enforce it?  Time will tell.

From Yahoo: