Insights

SEC Releases Rulemaking Agenda for Next Twelve Months

On May 22, 2019, the Securities and Exchange Commission (SEC) released its Spring 2019 Regulatory Flexibility Agenda (“Reg Flex Agenda”), which identifies rule-making initiatives that the SEC expects to address over the next year and beyond.

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In its latest semiannual Reg Flex Agenda, the SEC identifies the following rule-making initiatives as among those that the SEC expects to address over the next twelve months: ■ Propose rule amendments regarding the thresholds for shareholder proposals under Rule…

Why Wait for Congress (and the SEC) Before Reviewing Your 10b5-1 Plan?

With overwhelming bipartisan support, on January 28, 2019 the U.S. House of Representatives approved the “Promoting Transparent Standards for Corporate Insiders Act” which is aimed at curbing potential abuse of Securities and Exchange Commission (SEC) Rule 10b5-1 trading plans by corporate insiders.

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The bill includes six procedural restrictions for the SEC to study for consideration as potential amendments to Rule 10b5-1. The proposed restrictions prescribe a reasonable approach for administering plans based on sound governance practices. One might wonder why companies would…