SEC Proposes Rule to Strengthen Disclosure Requirements and Investor Protections Related to Insider Trading

The SEC has issued a proposed rule, Rule 10b5-1 and Insider Trading. The proposal would amend Rule 10b5-1 under the Securities Exchange Act of 1934 to enhance “the requirements to access the affirmative defense to insider trading and improve related transparency around insider transactions in company securities.”

Comments on the proposed rule are due 45 days after the date of its publication in the Federal Register. For more information, see the press release and fact sheet, as well as statements by SEC Chair Gary Gensler and Commissioners Caroline A. Crenshaw, Allison H. Lee, Hester M. Peirce, and Elad L. Roisman on the SEC’s Web site.