How Effective Is SEC Rule 10b5-1 In Deterring Insider Trading?

This study should be of interest to corporate governance policy groups and regulators who are focused on limiting the ability of managers of public corporations to enrich themselves at the expense of their firm’s stockholders. The results suggest that some CEOs successfully exploit weaknesses in the Rule 10b5-1 framework for personal gain.

Source: How Effective Is SEC Rule 10b5-1 In Deterring Insider Trading?