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Sen. Chris Van Hollen of Maryland is preparing legislation that would instruct the SEC to study the merits of a potential rule that would prevent corporate insiders from selling stock within a specified time period after stock buybacks have been announced. So reports CNBC.

Van Hollen says an SEC study indicates that insiders are benefiting from stock sales at the expense of long-term investors.

Read the full article from CNBC.

Last modified on Saturday, 16 March 2019
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