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Recent warnings from the US Securities and Exchange Commission ( SEC ) and the US Congress could translate into more aggressive scrutiny of trading plans adopted pursuant to Rule 10b5-1 of the Securities and Exchange Act of 1934 ( Exchange Act ).
In a speech delivered on June 7, 2021, SEC Chair Gary Gensler identified several cracks in Rule 10b5-1 trading plans that could allow for insider trading.
1 A few days later, the SEC released an updated rulemaking agenda, which includes amendments to the affirmative defense against insider trading provided by Rule 10b5-1 to corporate executives and directors
Escambia Man Gets 11 Years In Federal Prison For Child Exploitation Charges : NorthEscambia com
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Council Bluffs businessman convicted of sex trafficking
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Cairn, Devas lawsuits to not impact Air India disinvestment: Govt The case is being defended by Air India Limited. The company has appointed lawyers to defend its interests, VK Singh said Air India disinvestment process will not be impacted by lawsuits BusinessToday.In
Updated Jul 23, 2021, 9:19 AM IST
The lawsuits filed by Cairn Energy and Devas Multimedia in the US are not likely to have any impact on the disinvestment process of Air India, said Minister of State for Civil Aviation VK Singh said on Thursday. He said that Air India is a corporate entity with its own management and board and hence won’t be impacted. Cairn and Devas are seeking $1.72 billion and $1.2 billion respectively from India, which they won in international arbitrations.