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Steve Cutler Quoted in Law360 on Upcoming SEC Amendments to 10b5-1 Framework
06.21.21
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Litigation Partner Steve Cutler was quoted in an article titled, “SEC's Eye On Exec Trading Plans Should Keep Issuers Wary.” The article focused on the SEC’s recent announcement that the agency will propose amendments to the affirmative defense against insider trading provided by Rule 10b5-1. Steve noted while there may be some pushback from public companies on certain parameters in the amendments, 10b5-1 plans are more of a gift from the government than a right. “I think companies would probably still say that having some flexibility to do something under a 10b5-1 plan is better than none, which was the state of the world before 10b5-1 was adopted,” Steve explained.
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