Warren Renews Push for SEC to Crack Down on Insider Stock Sales

A group of Democratic senators led by Elizabeth Warren is redoubling efforts to get Wall Street’s main regulator to clamp down on executives’ ability to use inside information to make well-timed stock trades.

The US Securities and Exchange Commission should quickly move to toughen its rules, the lawmakers said in a letter Friday to SEC Chair Gary Gensler. “Corporate insiders cannot be allowed to continue to trade based on insiders’ knowledge with impunity,” they wrote.

Senator Elizabeth Warren, a Democrat from Massachusetts, speaks during a news conference outside the US Capitol in Washington.

Photographer: Ting Shen/Bloomberg

In December, the SEC proposed new restrictions for pre-arranged plans that senior executives often use to sell stock and avoid being accused of ...