Rule Change Will Make It Easier For Insiders To Make Legal Trades: New SEC Regulation [On Insider Trading] Is Little Known But Could Have Big Impact Kathleen Pender
The SEC has established an "affirmative defense" against charges of illegal insider trading if a person specifically agreed to a trade in a written contract before learning important inside information. This could be a godsend for executives who own a lot of company stock and want to diversify their holdings but have trouble in finding a window of opportunity to sell.
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