Stocks, Insider Trading | featured news

A federal judge Thursday temporarily blocked the government from enforcing a new insider trading law that would require about 28,000 executive branch employees to disclose details of their financial transactions on the Internet.

President Obama on Wednesday signed the STOCK Act into law, a bipartisan bill designed to stop so-called "congressional insider trading." The measure, which passed in Congress last month, prohibits members of Congress from financial market trading based on nonpublic information they have obtained in the course of their congressional work.

Kenneth T. Robinson took tips about corporate mergers from one friend and passed them to another for 15 years. He knew he should walk away. But he says he just couldn't stop trafficking in insider-trading tips.