Stop Corrupt Trading Act

Prohibition of Information Sales: The bill prevents a covered person or entity from selling or exchanging nonpublic information for financial benefit (Section 2(b)(1)). This could prevent individuals in high office from profiting from private information.

Prevention of Third-Party Trading: It prohibits any person from acquiring, purchasing, selling, or exchanging non-public information for financial gain (Section 2(b)(2)). This could limit the ability of outside parties to profit from information held by the President or Vice President.

Financial Recovery through Disgorgement: The Attorney General can seek the disgorgement of all profits, payments, and things of value derived from the prohibited conduct (Section 2(d)(1)(A)). This ensures that any money made through these actions is returned to the United States.

Strict Penalties and Forfeiture: The act includes criminal penalties such as fines of up to double the transaction value and imprisonment for up to 5 years (Section 2(c)(1)(A)). It also requires the forfeiture of any property derived from the offense (Section 2(c)(2)).

Financial Burden of Penalties: Individuals or entities found in violation may face significant civil penalties of up to $250,000 or three times the amount of the gain derived from the conduct (Section 2(d)(1)(B)).

Joint and Several Liability: Any person that knowingly provides something of value in a transaction involving nonpublic information can be held jointly and severally liable for remedies like disgorgement and civil penalties (Section 2(d)(4)).

Criminal Consequences: Covered persons face potential imprisonment for up to 5 years for certain offenses (Section 2(c)(1)(A)).