An SEC proposal to curb insider trading would force executives to be more careful about selling company stock, as their scheduled trades face longer waiting periods and greater scrutiny from Wall Street cops and investors. The Securities and Exchange Commission Dec. 15 proposed a rule that would establish a roughly four-month period between when executives can schedule a trade and then sell their stock, in order to take advantage of a safe harbor from enforcement. But there still might not be a real problem with insider trading, said Adam Slutsky, a partner in Goodwin’s securities and shareholder litigation practice. Read the Bloomberg Law article here.
In The Press December 20, 2021