New SEC rules aim to close many of the loopholes that allowed corporate executives to evade insider-selling rules
For the last two decades, officers and directors at U.S. public companies seeking to trade illicitly on inside information had an almost infallible get-out-of-jail-free card.
All they had to do was use prearranged trading plans when they bought and sold their companies’ shares. The odds the government would target them for enforcement actions were slim. It was an unintended consequence of aa WSJ membership
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