Hearings on Congressional insider trading

by Walter Olson on November 30, 2011

They’re coming up within the next few days, but Prof. Bainbridge warns that the draft legislation circulating from the office of Sen. Kirsten Gillibrand (D-N.Y.) is “bizarre” and “toothless.” Earlier here, here, etc.

More: Gillibrand’s office says the weakness of the proposal was due to an inadvertent drafting error and that it will be given teeth. C-SPAN covers the hearing, the SEC and Sen. Scott Brown make their views known, Todd Henderson and Larry Ribstein take a contrarian position, and Prof. Bainbridge covers the scholarly testimony.

{ 1 comment }

1 Dave 11.30.11 at 8:25 am

Of course it’s toothless. Congress-Creatures passing a law that kills their golden goose is about as likely as them giving themselves term limits.

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