Insider Activities

Compliance with Insider Laws and Regulations

In addition to the duties imposed by common law, various statutes and regulations govern insider activities. Unlike the broad standards in common law, these laws and regulations are specific about how insiders are to conduct themselves. Since the statutory and regulatory restrictions on insider transactions do not apply uniformly to all insiders, the board and management must become familiar with each restriction and must pay careful attention to the scope and import of each.

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