Obama Signs Congressional Insider Trading Ban
Wack, Kevin, American Banker
Byline: Kevin Wack
WASHINGTON a President Obama signed legislation Wednesday that bars insider trading by members of Congress and creates new financial disclosure requirements for thousands of executive branch employees.
Obama hailed the bipartisan measure as a step toward showing that members of Congress play by the same rules as everyone else, but he also said that more needs to be done.
"We were sent here to serve the American people and look out for their interests, not to look out for our own interests," Obama said in remarks at the White House. "So I'm very proud to sign this bill into law."
"There's obviously more that we can do to close …
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Publication information: Article title: Obama Signs Congressional Insider Trading Ban. Contributors: Wack, Kevin - Author. Magazine title: American Banker. Volume: 177. Issue: 53 Publication date: April 5, 2012. Page number: Not available. © 2009 SourceMedia, Inc. COPYRIGHT 2012 Gale Group.
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