2016 Articles
Do SEC’s 10b5-1 Safe Harbor Rules Need To Be Rewritten?
We examine the profitability of insider trading under SEC Rule 10b5-1 plans. The plans do work to prevent some informed trading. However, on average, insider trading under the safe harbor plans appears to be motivated by material non-public information. We propose some policy changes to tighten the rule and enable separation of informed and uninformed insider trading.
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- 1734-Article Text-4243-1-10-20190610.pdf application/pdf 614 KB Download File
Also Published In
- Title
- Columbia Business Law Review
- DOI
- https://doi.org/10.7916/cblr.v2016i1.1734
More About This Work
- Academic Units
- Law
- Published Here
- November 19, 2019