Common misconception, as most didn't hear much about it beyond its initial signing. Congress still has that exemption. I believe you're referring to the STOCK A

Common misconception, as most didn't hear much about it beyond its initial signing. Congress still has that exemption. I believe you're referring to the STOCK Act, of 2012, which cramped their style for a little over a year. In 2013, Senator Harry Reid introduced S.716, which after 14 seconds of discussion was passed by unanimous consent. Its net effect was to make the rest of STOCKS untrackable, and therefore unreportable and unenforceable. https://en.wikipedia.org/wiki/STOCK_Act#Amendment https://en.wikipedia.org/wiki/STOCK_Act#Amendment https://www.npr.org/sections/itsallpolitics/2013/04/16/177496734/how-congress-quietly-overhauled-its-insider-trading-law https://www.npr.org/sections/itsallpolitics/2013/04/16/17749...