Page 2 - Litigation Release News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 inside...

Short selling is a type of short selling occurs when an investor borrows a security and sells it on the open market, planning to buy it back later for less money. Naked short selling is unlawfully short selling shares that have neither been borrowed nor located. Bad Idea.

To embed, copy and paste the code into your website or blog: An appellate court upheld a judgment that clever omissions from statements made by a corporate officer constituted securities fraud. On January 22, 2021, the U.S. Court of Appeals for the First Circuit in Boston, Massachusetts upheld a jury’s fraud verdict against an executive in a securities case tried in the U.S. District Court for the District of Massachusetts. 1  In a 30-page opinion, the Court in SEC v. Johnston 2  refused to overturn a verdict finding that defendant David Johnston, the former chief financial officer of AV...