New York Stock Act prohibits public officers and employees from using nonpublic information for personal benefit.

The New York Stock Act amends the public officers law to prohibit public officers and employees from using nonpublic information derived from their official positions for personal benefit. This includes members of the legislature, executive branch employees, judicial officers, and judicial employees. The act also mandates that relevant ethics commissions issue interpretive guidance to clarify these prohibitions. It takes effect immediately.

New York Stock Act prohibits public officers and employees from using nonpublic information for personal benefit.

The New York Stock Act amends the public officers law to prohibit public officers and employees from using nonpublic information derived from their official positions for personal benefit. This includes members of the legislature, executive branch employees, judicial officers, and judicial employees. The act also mandates that relevant ethics commissions issue interpretive guidance to clarify these prohibitions. It takes effect immediately.