Chairman Gensler’s comments indicate that new, additional requirements for 10b5-1 plans are likely to be coming. In prepared comments made at The Wall Street Journal’s CFO Network event on June 7, 2021, SEC Chairman Gary Gensler explained that he has asked the SEC Staff to make recommendations on how to “freshen up” Rule 10b5-1 under the Securities Exchange Act of 1934 (the “Exchange Act”) in light of what he described as “real cracks” in the regulation of insider trading.
‘Enforcement 40’ for 2020
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