Federal securities regulators have been slow to revamp rules
abused by corporate insiders to trade their company stocks, a group of pension
funds and a former SEC commissioner told the WSJ.
In a letter Thursday to the Securities and Exchange
Commission, the Council of Institutional Investors urged the agency for the
second time in four months to tighten rules on government-sanctioned trading
plans that allow corporate executives and directors to sell shares despite
potentially having knowledge of nonpublic information about their companies….
No comments:
Post a Comment