White Collar Defense Attorneys React to DOJ and SEC Enforcement Actions for Misuse of 10b5-1 Plans
March 14, 2023 | Compliance & Enforcement Blog: New York University School of Law
In a groundbreaking move, the DOJ and SEC have pressed criminal and civil insider trading charges against a corporate executive who allegedly misused a 10b5-1 trading plan. Such plans are commonly used by corporate insiders to schedule sales of company shares and steer clear of insider trading accusations. Several former federal prosecutors and white collar defense attorneys, including Morvillo Abramowitz Partner, Brian Jacobs, provide their reactions to this case and its implications for future insider trading cases.