S. 5127, titled the “8-K Trading Gap Act of 2024,” seeks to amend the Securities Exchange Act of 1934. The bill requires the Securities and Exchange Commission (SEC) to create rules preventing certain company leaders, like officers and directors, from buying or selling...
Simple Explanation
The bill wants to make sure that important company bosses, like officers and directors, can't buy or sell company stocks when they know something special is happening that others don't know yet. There would be some special rules for trades that are planned way in advance.