Investors urge SEC to take action against insider trading

12/31/2012 | Wall Street Journal, The

Pension funds and other institutional investors managing more than $3 trillion in assets have called on the Securities and Exchange Commission to adopt guidance aimed at preventing corporate executives from engaging in abusive insider trading. Jeff Mahoney, the Council of Institutional Investors' general counsel, wrote in a letter to SEC Chairman Elisse Walter that new guidelines are "essential to restoring public confidence with respect to purchases and sales of a company's securities by its insiders."

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