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The Daily Reflector – Roll Call: House OKs insider trading bill.

LAWMAKERS’ INSIDER TRADING: Voting 417 for and two against, the House on Feb. 9 approved its version of a Senate-passed bill (S 2038) that would bar members of Congress and congressional staff from using confidential legislative information in their personal stock trading. But House GOP leaders dropped a Senate provision that would submit “political intelligence” operatives – those in the private sector who sell legally obtained policy information to Wall Street — to the same rules that govern lobbyists. The bill contains only a study of this unregulated activity, which is reported to generate at least $100 million annually in revenue from financial firms in search of inside information for guiding their trades.

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