SEC Imposes Tighter Rules On Insider Trading, Buybacks
BY TYLER DURDEN
WEDNESDAY, DEC 15, 2021 - 11:28 AM
Sen. Elizabeth Warren may have failed when it comes to installing her preferred candidate to lead the Federal Reserve, it looks like Warren is being offered another feather in her cap (so to speak), even if her arch-nemesis Jerome Powell was in fact nominated for Fed chief.
Because as WSJ reports, Wall Street’s primarily regulator is putting forward slightly tighter rules on how and when corporate insiders - and presumably Fed officials - can sell their companies’ stocks.
This has become an increasingly obvious issue lately as corporate titans have been dumping shares at the same time as the firms are buying back record amounts of their own stock…
https://www.zerohedge.com/markets/sec-imposes-tighter-roles-insider-trading-wake-fed-trading-scandals