To require the Securities and Exchange Commission to carry out a study of Rule 10b5-1 trading plans, and for other purposes.
Committees
Senate Banking, Housing, and Urban Affairs Committee
Bill Summary
Promoting Transparent Standards for Corporate Insiders Act This bill directs the Securities and Exchange Commission (SEC) to study and report on possible revisions to regulations regarding Rule 10b5-1 trading plans. (Such plans allow certain employees of publicly traded corporations to sell their shares without violating insider trading prohibitions.) The SEC must revise regulations consistent with the results of the study.
To require the Securities and Exchange Commission to carry out a study of Rule 10b5-1 trading plans, and for other purposes.
Promoting Transparent Standards for Corporate Insiders Act This bill directs the Securities and Exchange Commission (SEC) to study and report on possible revisions to regulations regarding Rule 10b5-1 trading plans. (Such plans allow certain employees of publicly traded corporations to sell their shares without violating insider trading prohibitions.) The SEC must revise regulations consistent with the results of the study.