‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInRule 10b5-1 Plans at 20: Enforcement Trends & Best Practices – Lexology
2020 marks the 20th anniversary of the Rule 10b5-1 plan. During its two-decade history, it has provided an affirmative defense against allegations of insider trading by corporate insiders that trade their company’s stock, even while in possession of material non-public information at the time of trading, through plans that are set up in advance. It […]
The Time Has Come to Address Rule 10b5-1 Trading Plans and Their Shortcomings | New York Law Journal
This proposed legislation creates an opportunity to address the criticism the Rule has faced and can further curtail incidents of insider trading by preventing the successful manipulation of trading plans. The bill directs the SEC to consider whether Rule 10b5-1 should be amended to: (1) limit an insider’s ability to adopt a trading plan during […]
SEC Needs to Rewrite its 10b5-1 Safe Harbor Rules | CLS Blue Sky Blog
While it is illegal for insiders to trade on material, non-public information, the SEC has created a safe harbor Rule 10b5-1 since October 2000, by allowing insiders to set up trading plans in advance of actual trading.[1] Since these planned trades are set up in advance of subsequent trading, they allow insiders to buy and […]