Insider trading plans in spotlight again
The spotlight is shining once again on the use (and possible abuse) of Rule 10b5-1 trading plans by corporate executives. A recent front page article in the Wall Street Journal entitled ‘Executives’ Good Luck in Trading Own Stock’ reported that, based on the review of thousands of trades by corporate insiders, many executives appear to have done suspiciously well buying and selling their companies’ stocks under so-called Rule 10b5-1 trading plans. The Wall Street Journal article, as well as the recent intense focus on insider trading matters generally, suggests that Rule 10b5-1 trading plans may be ripe for increased scrutiny by regulators, prosecutors and shareholders alike.
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