President Barack Obama

President Barack Obama

5 April 2012. President Barack Obama signed legislation on Wednesday aimed at banning insider trading by members of Congress and many executive branch employees.

STOCK (Stop Trading on Congressional Knowledge) Act requires that the personal finances of top executive-branch employees, members of Congress, senior congressional staff and candidates for Congress to be posted online by the end of August.

The new law also clarifies that members of Congress and their staffers will be treated just like private citizens.

Here is a YouTube video of Obama speaking on the occasion.