SEC Announces Adoption of Amendments to Rule 10b5-1 Insider Trading Plans and Related Disclosures

Written by Blake Baron and Gabriel Miranda On December 14, 2022, the Securities and Exchange Commission (“SEC”) announced that they adopted amendments to Rule 10b5-1 under the Securities Exchange Act of 1934 (“Exchange Act”). Rule 10b5-1 was first adopted by the SEC in August 2000, which provided affirmative defenses for corporate insiders and companies to buy and sell company stock pursuant to a 10b5-1 plan, … Continue reading SEC Announces Adoption of Amendments to Rule 10b5-1 Insider Trading Plans and Related Disclosures

SEC Approves Nasdaq’s New Board Diversity Requirements

Written by Nimish Patel On August 6, 2021 the U.S. Securities and Exchange Commission (SEC) formally approved Nasdaq’s proposed board diversity listing rules. Key Takeaways The new rules will require companies listed on Nasdaq’s U.S. exchange to annually disclose self-identified board demographic data. Most companies will be required to have at least two diverse directors or explain why they do not. There will be a … Continue reading SEC Approves Nasdaq’s New Board Diversity Requirements