July 16, 2018

Tomorrow’s Webcast: “Insider Trading Policies & Rule 10b5-1 Plans”

Tune in tomorrow for the webcast – “Insider Trading Policies & Rule 10b5-1 Plans” – to hear Weil Gotshal’s Howard Dicker, Hogan Lovells’ Alan Dye, Dorsey & Whitney’s Cam Hoang and Cooley’s Nancy Wojtas talk about the nuts & bolts – and the latest developments – for insider trading policies and Rule 10b5-1 plans. We recently updated our “Insider Trading Policies Handbook” – which includes a model policy.

The agenda includes:

1. Insider Trading: Today’s Enforcement Environment

2. Blackout Period Trends, Including Types of Transactions Typically Permitted or Prohibited

3. Things to Consider in Drafting/Modifying an Insider Trading Policy:

    – Dealing with Cybersecurity Considerations

    – Elections Made Under Contributory Stock Plans

    – Transactions Directly with the Issuer

    – Sharing Information with Third Parties

    – Extending Coverage Beyond Employees

    – Pledging, Hedging & Short-Selling Transactions

4. Preclearance Procedures

5. Employee Education

6. Latest Trends in Rule 10b5-1 Plans

7. Intersection of Insider Trading Policies with Rule 10b5-1 Plans

Wednesday’s Open Commission Meeting: Rule 701 & More

According to this “Sunshine Act” notice, the SEC is holding an open Commission meeting this Wednesday to consider:

1. Adopting changes to Rule 701(e)

2. Issuing a concept release on Rule 701 & Form S-8

3. Proposing changes to Rule 3-10 & Rule 3-16 of Regulation S-X (there was a request for comment on this back in 2015).

Jobs Act 3.0: Coming Soon?

According to this statement, the House Financial Services Committee has approved eight bills as part of “Jobs Act 3.0.” This Steve Quinlivan blog calls out that six of the bills were sponsored by Democrats – and it doesn’t sound like legislation will happen any time soon…

Liz Dunshee