• Home
  • About
  • Webcasts
  • ‘Enforcement 40’ for 2020
  • Enforcement Hall of Fame
  • Contact
Securities Docket
Ankura 480x60
  • Class Actions
  • Criminal
  • Global
  • People
  • SD Insider
  • SEC
  • Video
  • Subscribe by email
  • Subscribe
Browse: Home / 2018 / February / 22 / SEC issue guidelines regarding disclosure of security breaches – Business Insider

SEC issue guidelines regarding disclosure of security breaches – Business Insider

By Securities Docket on February 22, 2018, 11:13 am

Intel CEO Brian Krzanich sold millions of dollars worth of company stock after his company became aware of the Spectre and Meltdown security vulnerabilities, but before they became public.

The Securities and Exchange Commission has a bit of advice for other executives thinking of doing something similar: Don’t.

In new guidelines issued on Wednesday, the agency warned that security breaches and vulnerabilities could constitute “material” information, noting that it’s illegal under US securities laws for insiders to trade stocks based on such information before it becomes public. Such sales may also violate companies’ ethics and insider trading policies.

via SEC issue guidelines regarding disclosure of security breaches – Business Insider

Blog Widget by LinkWithin

Posted in SEC, Top | Tagged Insider Trading

« Previous Next »

‘Enforcement 40’ for 2020

Ankura 260x250

Our Sponsors

Securities-Docket_260x125_14Sec Ankura 260x125

Join Us On LinkedIn

Join the Securities Litigation and Enforcement Group on LinkedIn

Archives

Copyright © 2021 Securities Docket.

Powered by WordPress and Hybrid.