SEC Is Pressed to Revamp Executive Trading Plans. Letter from CII (May 9, 2013) suggests excess profits of executives is not coincidental. They suggest the SEC provide “interpretive guidance or amendments” to existing rules to prevent potential abuses.
The group cited the April Journal article on trading by nonexecutive corporate directors as “yet another example of the breadth of current uses of Rule 10b5-1 plans that appear, at best, inherently unfair” to investors.
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