Press Release

McHenry Introduces Bipartisan Legislation to Curb Illegal Insider Trading

Today, Congressman Patrick McHenry (NC-10), Ranking Republican of the House Financial Services Committee, introduced H.R. 624, the Promoting Transparent Standards for Corporate Insiders Act. This bipartisan legislation would require the Securities and Exchange Commission (SEC) to help ensure corporate insiders are unable to indirectly engage in illegal insider trading through changes to their trading plans.

Cracking down on fraud and abuse within our financial system is apolitical," said Congressman McHenry. "I am proud to support this meaningful effort to help the SEC better understand illicit insider trading. I look forward to working with Chairwoman Waters, and the Financial Services Committee as a whole, to explore ways to improve federal government oversight and protect American investors.”