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The Boston Globe

Nation

Brown calls for closing of STOCK law loophole

WASHINGTON -- Senator Scott Brown of Massachusetts is urging his Republican colleagues in the House to quickly close a loophole in a new insider trading law requiring most federal employees, including members of Congress and their staffs, to publicly disclose investment transactions.

While federal employees must adhere to the new reporting rules meant to ban insider trading, their spouses and children are apparently under no such requirements because of the loophole.

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