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Alias Born | 09/12/2003 |
Thursday, September 26, 2019 2:38:13 PM
SEC rule and regulation. Insiders are prevented from buying and selling their company stock within a six-month period:
Anybody who has material and nonpublic information can commit such an act.
CEOs can legally trade stock in their company as long as they don't use insider knowledge to guide them. Insiders legally buy and sell stock in their own company their trading is restricted and illegal only at certain times and under certain conditions.
The maximum prison sentence for an insider trading violation is now 20 years.
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