Hedge Fund News From HedgeCo.Net

Lawmaker Proposes Bipartisan Insider-Trading Ban

WSJ – A House lawmaker whose Connecticut district is home to one of the highest concentrations of hedge funds introduced bipartisan legislation Wednesday that would ban insider trading, taking aim at a financial crime that has tripped up some of his own constituents.

Rep. Jim Himes, a Democrat whose congressional district includes clusters of hedge funds in towns like Greenwich and Stamford, introduced a bill to explicitly ban trading on material, nonpublic information.

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