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January 30, 2019  

Political Divide Portends Impasse on Rule-Making

Insider Trading — CongressSeveral efforts are under way to strengthen prohibitions on insider trading by legislative action.Although federal prosecutors have won dozens of insider-trading convictions in recent years, a number of prominent cases were subsequently overturned — in part because insider trading is defined only by case law, not by statute. Preet Bharara, the former U.S. Attorney in Manhattan who led the government’s...

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