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The Securities and Exchange Commission is drafting a proposal that would tighten the legal protection company insiders are entitled to when it comes to defending themselves against possible insider trading. SEC Chairman Gary Gensler told the Wall Street Journal’s CFO Network Summit on Monday that there need to be changes to the rule. Regulators would ensure identification and punishment of any one that broke Rule 10b5-1 under the current legislation, he said.
...read full article on Business Insider
