Daily Archives: January 3, 2013, 6:08 pm

Is New Insider Trading Plan An Inroad Or Off-Ramp?

By letter to the Securities and Exchange Commission (“SEC”) Chair dated December 28, 2012, the Council of Institutional Investors (”CII”) raised its concerns about the potential misuse of trading plans that are intended to satisfy the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934. CII noted that the timing of the adoption of some new trading plans…

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