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INSIDER TRADING BY CONGRESS
Last updated on: 2/2/2009 6:24:00 AM PST Insider Trading by Congress Home Page > Source Biographies > >Peter J. Henning, JD

Peter J. Henning, JD Biography

Title: Professor of Law at Wayne State University Law School
Position: Con to the question "Should Insider Trading by Congress Be Allowed?"
Reasoning:
"Members of Congress and their staff should be prohibited from trading on information related to the status of pending legislation and other policy initiatives by Congress. This type of information is just as important to the markets as internal corporate information, such as earnings or possible acquisitions. It is appalling that Congress does not explicitly prohibit such trading."
Email to ProCon.org, May 3, 2008
Theoretical Expertise Ranking:  Experts
Individuals with JDs, PhDs, or equivalent advanced degrees in fields relevant to insider trading issues. Also top-level government officials (such as foreign leaders, US presidents, Founding Fathers, Supreme Court Justices, members of legislative bodies, cabinet members, military leaders, etc.) with positions relevant to insider trading issues.
Involvement and Affiliations:
  • Professor of Law, Wayne State University Law School, 1994-present
  • Member, American Law Institute, 1998-present
  • Treasurer, International Association of Penal Law, American National Section, 2000-June 1, 2008
  • Director of Graduate Studies, Wayne State University Law School, 2000-2003
  • President's Award For Excellence in Teaching, Wayne State University (University- Wide Award), 1997
  • Trial Attorney, Criminal Division, Fraud Section, US Department of Justice (DOJ), 1991-1994
  • Senior Attorney, Enforcement Division, US Securities & Exchange Commission (SEC), 1987-1991
  • Law Clerk, Chief Judge Murray M. Schwartz, US District Court for the District of Delaware, Wilmington, DE, 1986-1987
  • Assistant Professor, College of Business Administration, Loyola Marymount University, 1985-1986
  • Teacher, Bellarmine College Preparatory, 1980-1982
  • Education:
  • JD, magna cum laude, Georgetown University Law Center, 1985
  • MA, Philosophy, Fordham University, 1980
  • BA, cum laude, Philosophy, Loyola Marymount University, 1978
  • Other: None found
    Quoted in:
    • 1. Is it legal for Congressional representatives to trade securities based on insider information?
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    RECOMMENDED to you...
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    Did You Know?
    2
    Readers' Comments
    3
    Top 10 Richest US Senators' Top Stock Trades in 2007
    4
    US Congressional Ethics Rules on Insider Trading
    5
    US Insider Trading Laws
    6
    Potential Congressional Insider Trading during 2008 Bank Bailout
    7
    White House Fact Sheet on the STOCK Act
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    Insider Trading Law and Regulation
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