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Re: ACER post# 18932

Sunday, 08/11/2013 11:58:04 AM

Sunday, August 11, 2013 11:58:04 AM

Post# of 22426
Please refer to this post!

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90875288

Legal insider trading-

Legal trades by insiders are common,[3] as employees of publicly traded corporations often have stock or stock options. These trades are made public in the United States through Securities and Exchange Commission filings, mainly Form 4.

SEC Rule 10b5-1 clarified that the prohibition against insider trading does not require proof that an insider actually used material nonpublic information when conducting a trade; possession of such information alone is sufficient to violate the provision, and the SEC would infer that an insider in possession of material nonpublic information used this information when conducting a trade. However, SEC Rule 10b5-1 also created for insiders an affirmative defense if the insider can demonstrate that the trades conducted on behalf of the insider were conducted as part of a pre-existing contract or written binding plan for trading in the future.[7]

VHGI

MS

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