Van Hollen says an SEC study indicates that insiders are benefiting from stock sales at the expense of long-term investors.
Estimated reading time: 0 minutes, 21 seconds
Senator Proposes Additional Restriction on Insider Trading
Sen. Chris Van Hollen of Maryland is preparing legislation that would instruct the SEC to study the merits of a potential rule that would prevent corporate insiders from selling stock within a specified time period after stock buybacks have been announced. So reports CNBC.
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