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House passes bills targeting insider trading, human trafficking 

Joe Mont | January 30, 2019

The House of Representatives this week passed three bipartisan bills, previously advanced by the House Financial Services Committee, that aim to curb insider trading and human trafficking. The bills now advance to the Senate.

The Promoting Transparent Standards for Corporate Insiders Act, H.R. 624, sponsored by Chairwoman Maxine Waters (D-Calif.) and Ranking Member Patrick McHenry (N.C.), “protects ‘Mom and Pop’ investors from the harmful effects of illegal insider trading and helps the Securities and Exchange Commission better understand how to prevent illicit activity.” 

“The bill is designed to promote strong enforcement against financial fraud by ensuring that corporate executives cannot indirectly and illegally trade on material non-public information that they know about their companies,” McHenry said. 

“The SEC prohibits insider trading as a fraud that hurts both...

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