Diplomats Seek Exemption from Insider Trading Rule

Friday, 13 Jul 2012 04:24 PM

 

Share:
More . . .
A    A   |
   Email Us   |
   Print   |

American diplomats want to be exempted from parts of a law that bans members of Congress, the president and thousands of other federal workers from profiting from nonpublic information learned on the job.

The union that represents the U.S. Foreign Service said Friday that it has no issue with the intent of the law but wants its members exempted from a requirement that personal financial disclosure statements be posted online.

It said a publicly available database with such information could put diplomats serving overseas at greater risk of kidnapping and make them more attractive targets for hostile foreign intelligence services seeking to recruit spies or obtain classified information.

The American Foreign Service Association said it is seeking amendments to the STOCK Act to remedy the matter.

© Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
More . . .
   Email Us   |
   Print   |
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Top Stories
Around the Web
You May Also Like

California Will Add 5% to Paychecks for Governor, Lawmakers

Thursday, 20 Jun 2013 07:52 AM

California Governor Jerry Brown and lawmakers will get a 5 percent salary increase now that the state's budget has a sur . . .

Blakeman: Obama Should Start by Opening Gates to White House

Wednesday, 19 Jun 2013 23:59 PM

Who can ever forget the picture and the words of President Ronald Reagan as he stood defiantly in front of the Berlin Wa . . .

Rubio's Name Draws Boos Over Immigration Plan

Wednesday, 19 Jun 2013 22:34 PM

The support Sen. Marco Rubio, R-Fla., thought he could count on from members of his own party regarding his bipartisan i . . .

 
 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved