Senators Warren, Brown Demand Tougher Insider-Trading Rules
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Lawmakers are asking Wall Street’s top cop to review rules meant to prevent insider trading after new research suggested existing regulations may actually help some people trade on material, non-public information.
Democratic Senators Elizabeth Warren, Sherrod Brown and Chris Van Hollen sent a letter to the Securities & Exchange Commission asking it to review rules for so-called 10b5-1 plans, which allow corporate executives to buy and sell company stock at predetermined days in the future.