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Foreign firm insider trading loophole in legislators’ sights

Photo: Getty Images

Changes to the rules would ensure that directors and shareholders of foreign firms adhere to the the same trade disclosure rules as other market players.

On Sunday, the WSJ published an op-ed written by two U.S. senators, John Kennedy (R-LA) and Chris Van Hollen (D-MD), in which they explain the significance of their proposed legislation designed to close a loophole connected to foreign companies and insider trading.

Their bill is called the Holding Foreign