SEC Taking a Closer Look at Rule 10b5-1 Trading Plans on the Rulemaking and Enforcement Fronts: What Companies and Their Insiders Need to Know Now
By EsqSocial Corporation 16/06/21
In remarks delivered June 7, 2021 to the Wall Street Journal’s CFO Network Summit, SEC Chair Gary Gensler (available here) (“Gensler June 7 Remarks”) highlighted areas of concern raised by the use of Rule 10b5-1 trading plans by insiders and companies alike, and signaled the possibility that regulatory solutions to these concerns loom on the near horizon. Chair Gensler made the same points in a public statement delivered a few days later at a meeting of the SEC’s Investor Advisory Committee...
By: Weil, Gotshal & Manges LLP