But even with these changes, it may be hard to prosecute a member of Congress for insider trading.
ECONOMIST: Congressmen may still be able to escape prosecution
Paraguay is less of a smugglers' Shangri-la now that it is a member of Mercosur, a trading block that includes Argentina, Brazil and Uruguay.
Reg NMS does not cover commodity exchanges, which allows the member-owned, floor-trading New York Mercantile Exchange to sustain its old ways although competition from the all-electronic IntercontinentalExchange could also force it to change.
That was a far cry from when former NYSE CEO John Thain announced the exchange's deal to become a public company in 2005 at a member's meeting after regular trading ended at 4 p.m.
At a meeting last week, the commission told member states it lacked reliable data on who would bear the cost of the tax, and suggested circulating a questionnaire to all 27 member states seeking more information on their internal trading activities.
Joel Brubaker, the 41-year-old chief of staff to Rep. Shelley Moore Capito (R, W.Va), a member of the House Financial Services Committee, made money trading in financial-services firms in 2009.
Sakyo was working for trading company Sumitomo when he read about Shibuya Ward assembly member Hasabe Ken's idea of a university based within the Shibuya community that focused on lifelong education.
In this situation, it appears that the unnamed Board Member not only was unaware that the tip would be used for trading purposes, but also failed to receive any personal benefit from the tip.
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The EU's still-evolving foreign service has also forged close links with African and Asian political and trading blocs and plays a growing role in coordinating often-competitive member-state relations with Russia, Brazil and China.
One member of the Wandering Trader family took his whole family to Italy for a month, solely on his day trading income.
Goldman is finding this out, in an embarrassing way, this week with tapes of former board member, Rajat Gupta, being heard on FBI wire taps at the Raj Rajaratnam (Galleon) insider-trading trial.
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