Wall Street Lobbied Hard To Water Down Law On Congressional Insider Trading

Wall Street Lobbied Hard To Water Down Law On Congressional Insider Trading: President Obama signed the Stop Trading on Congressional Knowledge (STOCK) Act earlier this month, which was passed after a 60 Minutes investigation revealed that members of Congress were profiting from information they received in their official capacity. House Financial Services Chairman Spencer Bachus (R-AL), for instance, made nearly $30,000 trading on information he received during [...]/p