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Insider Trading and Share Repurchases

Proposed changes to Rule 10b5-1 as well as new disclosure requirements

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To address concerns regarding the trading activities and behaviors of corporate insiders with access to non-public material information, the SEC is proposing changes to Rule 10b5-1 as well as new disclosure requirements. Companies subject to SEC regulation must ensure that practices are in place to safeguard against prohibited trading activities by corporate insiders. Companies should also be proactive in evaluating how the proposals may impact their current policies and practices regarding insider trading, compensation, and gifts of securities. Enhanced scrutiny of insider trading and supervisory compliance programs should also be anticipated.

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Insider Trading and Share Repurchases

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