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Warren Renews Push for SEC to Crack Down on Insider Stock Sales

  • Group of Democratic senators want regulator to toughen rules
  • They sent Gary Gensler a letter about the issue on Friday
Senator Elizabeth Warren, a Democrat from Massachusetts, speaks during a news conference outside the US Capitol in Washington.
Senator Elizabeth Warren, a Democrat from Massachusetts, speaks during a news conference outside the US Capitol in Washington.Photographer: Ting Shen/Bloomberg

A group of Democratic senators led by Elizabeth Warren is redoubling efforts to get Wall Street’s main regulator to clamp down on executives’ ability to use inside information to make well-timed stock trades. 

The US Securities and Exchange Commission should quickly move to toughen its rules, the lawmakers said in a letter Friday to SEC Chair Gary Gensler. “Corporate insiders cannot be allowed to continue to trade based on insiders’ knowledge with impunity,” they wrote.