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SEC Statements Suggest Heightened Insider Trading Scrutiny Even if Using a Rule 10b5-1 Trading Plan | White & Case LLP

To embed, copy and paste the code into your website or blog: 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 releas...
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SEC Staff to Toughen Corporate Insider Securities Trading Pursuant to Rule 10b5-1 Regs

Tuesday, July 20, 2021 Last month, the U.S. Securities and Exchange Commission (โ€œSECโ€) released its 2021 regulatory agenda that included the affirmative defense provisions of Rule 10b5-1 among the areas in which the agency may take additional rulemaking action. 1ย This release followed an announcement by SEC Chairman Gary Gensler (โ€œGenslerโ€) on June 7, 2021, that he had directed SEC staff to consider both tougher restrictions on securities trading by corporate insiders pursuan...
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