SEC Adopts New Rules Regulating Selective Disclosure And Insider Trading
By Michael L. Zuppone and Knute J. Salhus
The SEC’s adoption of Regulation FD and the new insider trading rules could significantly increase potential liability for public companies and related individuals. As a result, we recommend that companies reevaluate their current practices and consider the need for policy revisions regarding both the disclosure of material information and insider trading to ensure compliance with the SEC’s position. We will monitor developments regularly and keep you informed on this important subject.