InvestorsHub Logo
Followers 15
Posts 226
Boards Moderated 0
Alias Born 01/11/2003

Re: mschere post# 32192

Wednesday, 06/11/2003 9:44:22 AM

Wednesday, June 11, 2003 9:44:22 AM

Post# of 433291
i've got some imput from laranger_2 at the yahoo board: fromModification and Termination. Trading plans should also address modifications and termination. The SEC has specifically indicated that an insider may modify a 10b5-1 trading plan only when the insider is not aware of material nonpublic information.

However, the SEC has indicated that an insider may terminate a 10b5-1 trading plan even if the insider is aware of material nonpublic information at the time. Section 10(b) and Rule 10b-5 give rise to liability in connection with the purchase or sale of any security and terminating a plan does not result in a purchase or sale. However, modifications or terminations, especially if made frequently or if immediately followed by implementation of a new trading plan, may raise concern that the insider did not enter into the initial trading plan in good faith. Rule 10b5-1 requires that trading plans be made in good faith and not as part of a plan or scheme to evade the insider trading laws.
so if good news are expected next week Harry had to sell now not to be charged with insider trading,
imho
tight lines
malko
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent IDCC News