Equity Act "leaves plenty of space for parliamentarians corruption. Members through a network of experts forming the network of people, access to more political contributions and other hidden benefits. The master of corruption is no cash passed through his hands. Love letter words do not love, kill without spilling blood, that is the realm of the realm of freedom; corruption but not money, that is the realm of the realm of freedom.
U.S. Equity Act "network open very large, but not long arms, seemingly vigorous, but it is far from solid. Did not ban those who collect "political intelligence" (political intelligence) network of experts, is a big loophole. In recent years, the so-called "expert network" is popular in the United States. A network of experts hired lobbyists and former officials to act as a consultant. These the skilled Liang Shouying: only inquire about a listed company's business intelligence, and also inquire into the political intelligence. Immediately to inquire into the news to financial institutions tipped off, the latter fashion, the Jincang Jincang the warehouse to warehouse. For example, Members to disclose to the consultant, has been significant progress in Congress regarding the debit card fee cap. Consultants turn away from Bianxiang its hedge fund clients to pass intelligence, hedge funds, then sold shares, Visa and MasterCard shares fell. The consultants have this divine power, to feel good about themselves as lawyers fees, last year's rate of 250-350 U.S World Pipe network informed. dollars per hour
The U.S. Congress is absolutely overwhelming majority on March 21 passed the Suppression of Congress informed Transactions Act "(The Stop Trading on the Congressional Knowledge Act) (referred to as the" Stock Act "). Just waiting for President Obama's signature to become law.
Legislation to prohibit Members and senior officials of insider trading, this is the first time in American history, it is a major event of the U.S. capital markets. The Act prohibits the executive and judicial branches, small officials to use the stock trading insider information at its disposal to prohibit members of Congress to use their hands in the work of buying and selling stocks or other securities regulations after the Members' buying and selling stocks, bonds, futures and other securities, relevant information to be disclosed within 45 days and published on the website.
Traditionally, people think, insider information involving the company's good or carry messages, prior knowledge of insider information, may be its proximity to gain an advantage, the first step to purchase or sell the stocks of related companies. The traditional theory of the Securities Act, insider information is the property of the company, the company executives and other insider information insider use of inside information for profit is stealing company property. Company executives and other insider insider by the company trust, bear a special responsibility not to steal the company's insider information for profit. As for the professionals of the company's outside counsel and other intermediaries, they are well received by customers or their employer's trust, a special responsibility to the client or employer, shall not steal the company's insider information for profit. Legislative and enforcement of insider information is also a huge profit opportunity. But the news of the legislative and enforcement is not a property of the company, members or related intermediaries do not have any relationship. Theoretical workers in the United States long has been so insistent on the The Equity Act "a breakthrough in theory, the theory that" legislators and Congress has the trust and a relationship of trust, "so they have a responsibility not to abuse this relationship to obtain inside information for profit.
Eismowe called broken Qianshan quiet, flying under the lake pecking off the ice. "It is said that the noble sentiments of the saints is" I do not go to hell, and who to hell? "The logic of politiciansWorld Steel Pipe , but I do not go to hell, Haier also have to go into hell, or at least into hell, Haier Why not join the Hell? U.S. Congress is such a mentality. Originally members of Congress is the target of public criticism, the enactment of the "stock law" to stop the insider trading of members of Congress, but lawmakers refused to let their men as well as administrative and judicial branches of colleagues; Equity Act "applies to objects including members of Congress aides and thousands of federal officials and federal judges.
Many Members in the United States election re-election this year, while the U.S. unemployment rate remains high after the financial crisis, Wall Street bankers are still happily running in the hall above. People complaining, and blaming Wall Street backed by Washington politicians. Opinion polls show that recognized by the Congress of the American public has been reduced to below 15%. Members of both parties in Congress had under some effort to win votes. Equity Act "will grasp out. The sponsor of the bill is Republican Senator Scott Brown and Democratic members of the Kirstein Gillibrand. The U.S. Congress, most of the two Members co-sponsoring a bill, and the two Members usually from the two parties. Mr. Brown and Ms. Gillibrand was elected a senator soon, junior, do not owe the favor of the other senators, off of my colleagues getting money no sorry. The most important thing is that the new Senator harder than the senior senator campaign, so the two simply takes the plunge, it is the meaning of some legislative people.
Constraints officials insider trading, we walk in front of the Americans. China Securities Act and Article 74 has long been clearly defined, the insiders of the insider information of securities trading include: the securities regulatory agency staff, other personnel and statutory duties on the issuance of securities, transaction management, and "State Council's securities regulatory body under the other persons." This broke the myth of the capital markets in the United States as a teacher: the United States to crack down on insider trading legislation is not mature. Of course, the U.S. Equity Act "applies to the three branches of government - the legislative, executive and judicial officials of the" Securities Act "insider information insider a very narrow range, limited to the securities regulatory agency staff, as well as to their statutory duties other personnel of the management of securities issuance and trading. Although Article 74 of the "Securities Act" is also mentioned, other personnel of the State Council's securities regulatory body under the "insider information insider can, but the securities regulatory authority under the State Council has not yet provided the" other personnel ". , Can be investigated for criminal liability for insider trading, to determine the definition of subsidiary bodies of the State Council, but also a bit weak.