H.R. 9709, known as the "8-K Trading Gap Act of 2024," seeks to amend the Securities Exchange Act of 1934. The bill mandates that the Securities and Exchange Commission (SEC) establish rules prohibiting executives and directors of certain companies from trading their company's securities...
Simple Explanation
H.R. 9709 is a proposal to stop company big bosses from buying or selling their company's stock when they know a secret that others don't yet, which is to keep things fair until everyone knows about it.