Tag Archive for Insider Trading

How DC Insiders Help Wall Street

Former House Majority Leader Eric Cantor, R-Virginia, who was defeated in a GOP primary by a Tea Party challenger.

For years, the Washington-to-Wall-Street axis has sent campaign donations south to influence the shaping of financial legislation but the pipeline also has flowed the other way, shipping “actionable” insider information north to help stock traders, a scam examined by Michael Winship.

Congress Finally Bans Insider Trades

Congress finally banned its members and other federal officials from stock trading based on insider government information, but not before the law was watered down in two key respects, as Michael Winship reports.