"Powell criticizes Cantor for loophole in STOCK Act"
The Richmond Times Dispatch is covering Wayne Powell's charge that Eric Cantor tried to sneak a loophole into the STOCK to allow Congressional spouses to continue trading on inside information:
Democratic challenger Wayne Powell is criticizing Rep. Eric Cantor, R-7th, for his handling of legislation this year to discourage insider trading among members of Congress.
Specifically, Powell charges that Cantor, the House majority leader, advanced a House version of the Stop Trading on Congressional Knowledge (STOCK) Act with a loophole on spousal disclosure that potentially could benefit Cantor's family.
Cantor's wife, Diana, is a partner in an investment firm, Alternative Investment Management LLC, that deals with hedge funds.
"He yanked that so he can still legally go home and tell his wife all the inside dope on what Congress is about to do and personally profit from that," Powell charged.
