The bill amends the Securities Exchange Act of 1934 to prohibit insider trading and wrongful communication of material, nonpublic information.

The Insider Trading Prohibition Act amends the Securities Exchange Act of 1934 to make it unlawful for any person to trade securities or communicate material, nonpublic information if they are aware, or recklessly disregard, that the information is material and nonpublic. The bill also prohibits the wrongful communication of such information, defining wrongful as theft, bribery, or other unauthorized access. The Securities and Exchange Commission can exempt certain persons, securities, or transactions from these provisions.

The bill amends the Securities Exchange Act of 1934 to prohibit insider trading and wrongful communication of material, nonpublic information.

The Insider Trading Prohibition Act amends the Securities Exchange Act of 1934 to make it unlawful for any person to trade securities or communicate material, nonpublic information if they are aware, or recklessly disregard, that the information is material and nonpublic. The bill also prohibits the wrongful communication of such information, defining wrongful as theft, bribery, or other unauthorized access. The Securities and Exchange Commission can exempt certain persons, securities, or transactions from these provisions.