10b5-1 employee plans could be revised to prevent insider trading
By Hicbd
Sun Jul 26 2020 9:35 pm
"The SEC created the 10b5-1 plan safe harbor in 2000, and a number of studies since have hinted at abuse. In late 2012 the Wall Street Journal conducted an investigation that highlighted some particularly well-timed stock trades. At the time, I wrote that while the stock sales are set in advance, executives still know when they will take place and therefore have the ability to plan the disclosure of news both good and bad around their trading dates."
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