FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2106221346> ?p ?o ?g. }

• W2106221346 abstract "Spring saw the enactment of the Stop Trading on Congressional Knowledge Act of 2012 or Act. It supposedly repealed an exemption from the federal securities laws that made insider trading by members of Congress totally legal. As every securities lawyer knows, however, there never was such an exemption. Representatives and Senators have always been subject to the same rules as the rest of us. It is just that insider-trading law is so incoherent that legal scholars sharply disagreed as to when, or even if, trading by government officials on the basis of material nonpublic information gleaned from their positions would be unlawful. It clearly would not constitute classic insider trading, and it was not clear if it constituted misappropriation or trading. Consequently, despite circumstantial evidence that such trading is not unusual, neither the Securities and Exchange Commission (the SEC) nor the Department of Justice (the “DOJ”) has ever brought an insider trader action against a member of Congress.The law of insider trading is so unclear because, infamously, neither the Securities Exchange Act of 1934 (the '34 Act'), nor the regulations promulgated under it, expressly prohibit insider trading generally, let alone define what it might be. It is unfortunate, therefore, that Congress ducked this golden opportunity either to amend the '34 Act' in order to define insider trading or, at least, to give the SEC authority to do so. Consequently, we are left with the jurisprudential scandal that insider trading is largely a common law federal offense.Even after the STOCK Act it will continue to be difficult to curtail undesirable Congressional trading through insider-trading law because the concerns that animate the former involves a perceived evil different from that addressed by the securities laws. The former is worried primarily about the integrity of governmental actors and the potential for corruption. In contrast, courts tend to describe the goals of the latter as preventing fraud and promoting market integrity. It is hard to see how a law developed to address these latter issues can be contorted to effectively address improprieties by governmental actors. Consequently, although the STOCK Act might clarify when Congressional trading would violate Congress’s internal ethical rules, it may still not be clear whether the SEC can successfully bring civil actions against, or the DOJ successfully prosecute, members and staffers under the securities laws.All the STOCK Act does is to try to shed some light on one element of a potential Congressional insider trading case – namely the nature of the relationship of members or employees of Congress to the source of certain nonpublic information. It does not, however, address the numerous other reasons why it is difficult to charge them with insider or outsider trading. Ironically, the most important legacy of the STOCK Act might be that it could be construed as an implicit endorsement of a controversial SEC regulation applicable to other persons." @default.
• W2106221346 created "2016-06-24" @default.
• W2106221346 creator A5006502422 @default.
• W2106221346 date "2013-06-02" @default.
• W2106221346 modified "2023-09-27" @default.
• W2106221346 title "Taking STOCK: Insider and Outsider Trading by Congress" @default.
• W2106221346 hasPublicationYear "2013" @default.
• W2106221346 type Work @default.
• W2106221346 sameAs 2106221346 @default.
• W2106221346 citedByCount "0" @default.
• W2106221346 crossrefType "posted-content" @default.
• W2106221346 hasAuthorship W2106221346A5006502422 @default.
• W2106221346 hasConcept C10138342 @default.
• W2106221346 hasConcept C144133560 @default.
• W2106221346 hasConcept C162324750 @default.
• W2106221346 hasConcept C172428447 @default.
• W2106221346 hasConcept C17744445 @default.
• W2106221346 hasConcept C190253527 @default.
• W2106221346 hasConcept C199539241 @default.
• W2106221346 hasConcept C2776034101 @default.
• W2106221346 hasConcept C2776801101 @default.
• W2106221346 hasConcept C2778213722 @default.
• W2106221346 hasConcept C2778272461 @default.
• W2106221346 hasConcept C2778971194 @default.
• W2106221346 hasConcept C2780858551 @default.
• W2106221346 hasConcept C2781078320 @default.
• W2106221346 hasConcept C78508483 @default.
• W2106221346 hasConceptScore W2106221346C10138342 @default.
• W2106221346 hasConceptScore W2106221346C144133560 @default.
• W2106221346 hasConceptScore W2106221346C162324750 @default.
• W2106221346 hasConceptScore W2106221346C172428447 @default.
• W2106221346 hasConceptScore W2106221346C17744445 @default.
• W2106221346 hasConceptScore W2106221346C190253527 @default.
• W2106221346 hasConceptScore W2106221346C199539241 @default.
• W2106221346 hasConceptScore W2106221346C2776034101 @default.
• W2106221346 hasConceptScore W2106221346C2776801101 @default.
• W2106221346 hasConceptScore W2106221346C2778213722 @default.
• W2106221346 hasConceptScore W2106221346C2778272461 @default.
• W2106221346 hasConceptScore W2106221346C2778971194 @default.
• W2106221346 hasConceptScore W2106221346C2780858551 @default.
• W2106221346 hasConceptScore W2106221346C2781078320 @default.
• W2106221346 hasConceptScore W2106221346C78508483 @default.
• W2106221346 hasLocation W21062213461 @default.
• W2106221346 hasOpenAccess W2106221346 @default.
• W2106221346 hasPrimaryLocation W21062213461 @default.
• W2106221346 hasRelatedWork W1548526959 @default.
• W2106221346 hasRelatedWork W1555916152 @default.
• W2106221346 hasRelatedWork W1570123926 @default.
• W2106221346 hasRelatedWork W1591748721 @default.
• W2106221346 hasRelatedWork W173258083 @default.
• W2106221346 hasRelatedWork W1738103952 @default.
• W2106221346 hasRelatedWork W181132009 @default.
• W2106221346 hasRelatedWork W190133783 @default.
• W2106221346 hasRelatedWork W2057656710 @default.
• W2106221346 hasRelatedWork W2104217905 @default.
• W2106221346 hasRelatedWork W2117012324 @default.
• W2106221346 hasRelatedWork W2524241838 @default.
• W2106221346 hasRelatedWork W2804067029 @default.
• W2106221346 hasRelatedWork W2901786302 @default.
• W2106221346 hasRelatedWork W2969995935 @default.
• W2106221346 hasRelatedWork W3126124215 @default.
• W2106221346 hasRelatedWork W3164070693 @default.
• W2106221346 hasRelatedWork W3187294390 @default.
• W2106221346 hasRelatedWork W3209668187 @default.
• W2106221346 hasRelatedWork W2938521863 @default.
• W2106221346 isParatext "false" @default.
• W2106221346 isRetracted "false" @default.
• W2106221346 magId "2106221346" @default.
• W2106221346 workType "article" @default.