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Congress And SEC Contemplate Modifying 10b5-1 Insider Trading Plans - Corporate/Commercial Law

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 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

Repairing A "Crack" in Insider Trading Regulation: SEC Rule 10b5-1 Trading Plans Face Increased Scrutiny | King & Spalding

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 | Weil, Gotshal & Manges LLP

SEC Chair Gensler Previews Potential Changes for Rule 10b5-1 Plans | Skadden, Arps, Slate, Meagher & Flom LLP

On June 7, 2021, in prepared remarks for the CFO Network Summit, Securities and Exchange Commission (SEC) Chair Gary Gensler identified several areas of focus for SEC staff with respect...

House Passes Legislation Addressing 10b5-1 Plans | Stinson - Corporate & Securities Law Blog

The House of Representatives has passed the “ The Promoting Transparent Standards for Corporate Insiders Act” (H.R. 1528) by a vote of 355-69.  The bill directs the Securities and Exchange Commission to study and report on possible revisions to regulations regarding 10b5-1 trading plans. 10b5-1 plans allow employees of publicly traded companies and others to sell their shares without violating insider trading prohibitions. The bill requires the SEC to revise its regulations consistent with the results of the study.

House Passes Legislation Addressing 10b5-1 Plans

House Passes Legislation Addressing 10b5-1 Plans By The House of Representatives has passed the “ The Promoting Transparent Standards for Corporate Insiders Act” (H.R. 1528) by a vote of 355-69.  The bill directs the Securities and Exchange Commission to study and report on possible revisions to regulations regarding 10b5-1 trading plans. 10b5-1 plans allow employees of publicly traded companies and others to sell their shares without violating insider trading prohibitions. The bill requires the SEC to revise its regulations consistent with the results of the study. Contact Topics:  Topics Related Links Select related link http://thomas.loc.gov/cgi-bin/query/z?c111:H.R.4173: Dodd-Frank Wall Street Reform and Consumer Protection Act

THE DAILY LEADER: MONDAY, APRIL 19, 2021

“One Minutes” (15 per side) **Following one-minute speeches, the House is expected to recess until approximately 2:30 p.m.  At that time, the House will reconvene to consider the twenty-one bills listed for consideration under suspension of the Rules.   Any recorded votes requested will be postponed until 6:30 p.m. Suspensions (21 bills) H.R. 473 – Trusted Traveler Reconsideration and Restoration Act of 2021 (Rep. Katko – Homeland Security) H.R. 370 – Quadrennial Homeland Security Review Technical Corrections Act of 2021 (Rep. Watson Coleman – Homeland Security) H.R. 367 – Homeland Security Acquisition Professional Career Program Act (Rep. Titus – Homeland Security)  H.R. 408 – Department of Homeland Security Mentor-Protégé Program Act of 2021 (Rep. McEachin – Homeland Security) 

THE WEEKLY LEADER: FRIDAY, APRIL 16, 2021

MONDAY, APRIL 19, 2021  On Monday, the House will meet at 12:00 p.m. for Morning Hour debate and 2:00 p.m. for legislative business, with votes postponed until 6:30 p.m.   Suspensions (21 bills) H.R. 473 – Trusted Traveler Reconsideration and Restoration Act of 2021 (Rep. Katko – Homeland Security) H.R. 370 – Quadrennial Homeland Security Review Technical Corrections Act of 2021 (Rep. Watson Coleman – Homeland Security) H.R. 367 – Homeland Security Acquisition Professional Career Program Act (Rep. Titus – Homeland Security)  H.R. 408 – Department of Homeland Security Mentor-Protégé Program Act of 2021 (Rep. McEachin – Homeland Security)  H.R. 397 – CBRN Intelligence and Information Sharing Act of 2021 (Rep. Gimenez – Homeland Security) H.R. 396 – Transit Security Grant Program Flexibility Act (Rep. Garbarino – Homeland Security)

THE WEEKLY LEADER: FRIDAY, MARCH 12, 2021