Dr. B can't sell based on insider information. How
Post# of 72440
(Total Views: 147)
Posted On: 08/08/2017 6:34:02 PM
Dr. B can't sell based on insider information. However, he can specify a date in advance according to rule 10b5-1.
"This ruling created a situation where insiders could create a trading plan in advance of a trade if they set a specific date or price at which to effect a transaction (either a purchase or a sale). When that event transpired, it triggered the trade. These trading plans are known as 10b5-1 plans."
http://www.investopedia.com/articles/stocks/07/10b5-1.asp
"This ruling created a situation where insiders could create a trading plan in advance of a trade if they set a specific date or price at which to effect a transaction (either a purchase or a sale). When that event transpired, it triggered the trade. These trading plans are known as 10b5-1 plans."
http://www.investopedia.com/articles/stocks/07/10b5-1.asp
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