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Federal insider trading ban delayed

Originally published: August 5, 2012 6:41 PM
Updated: August 5, 2012 7:19 PM
By TOM BRUNE  tom.brune@newsday.com

Democratic US Senator Kristen Gillibrand at her office

Photo credit: Newsday/J. Conrad Williams, Jr. | Democratic US Senator Kristen Gillibrand at her office in Washington DC. (Feb. 15, 2012)

WASHINGTON -- The new law banning federal insider trading -- a top achievement for Sen. Kirsten Gillibrand (D-N.Y.) -- was postponed last week out of fears it would inadvertently expose spies and put diplomats, prosecutors and military officials in jeopardy.

As Congress left for the August recess late Thursday, the House and Senate by voice vote delayed until Sept. 30 the implementation of...

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