Some comments on SEC rule 10b5-1 and rule 10b5-1 trading plans

Article Abstract:

The author discusses the SEC's rule 10b5-1 regarding the sale and purchase of company stock by company officers and directors.

Corporate directors, Securities

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A pledgor's ability to exercise subsequent influence over how a maintenance margin call can be met should not prevent a pledgee from selling the pledged stock in foreclosure athough it may prevent the pledgor from relying on the rule 10b5-1(c)(1)(i)(B)(3) affirmative defense

Article Abstract:

This article discusses the issue of stock used as collateral in a secured loan. The authors believe that the relevant law allows the pledgees to sell the stock in foreclosure, provided they do not possess inside information.

Secured transactions, Foreclosure, Affirmative defenses, Pledges (Law)

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The SEC reduces the Rule 144 and Rule 145 holding periods and makes significant proposals in the Rule 144, Rule 145 and regulations areas

Article Abstract:

The Securities and Exchange Commission (SEC) has finalized amendments to Rules 144 and 145 and proposed amendments to Rule 144 and Regulation S. The final rule changes will reduce the holding periods for resale of restricted and affiliate-held securities and securities acquired pursuant to a merger or other reorganization. The proposed SEC rule changes would narrow the definition of affiliates under Rule 144, increase the Form 144 de minimis threshold, eliminate the Rule 144(f) and (g) manner-of-sale requirements, and amend Regulation S.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Securities & Commodities Regulatn, Interpretation and construction, Securities law

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