Diplomats Seek Exemption from Insider Trading Rule

Friday, 13 Jul 2012 04:24 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

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 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Living Large: The Scandal of Bishops' Residences

Friday, 24 Oct 2014 20:31 PM

Camden, N.J., is one of the poorest cities in the U.S. So it was a shock earlier this year when reports surfaced that Bi . . .

Judge Rules Oklahoma Abortion Law Can Take Effect

Friday, 24 Oct 2014 20:09 PM

A new Oklahoma law that requires clinics to have a physician with admitting privileges at a nearby hospital present when . . .

Suspect Arrested in Death of 2 California Deputies

Friday, 24 Oct 2014 19:54 PM

Officials say a second sheriff's deputy has died after being shot by a suspect who has now been apprehended for four sho . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

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