Posted Jan 18, 2022, 6:08 AMUpdated on Jan 18, 2022 at 6:55 am
It’s a short three minute video. In a playful tone, the president of the financial markets policeman Gary Gensler, poses a question to Internet users: “When is it acceptable for insiders to sell shares when they know something the rest of us do not know? »
For twenty years, a rule called “10b5-1” has governed stock market transactions for executives who own shares in their company. This rule, by giving the manager the possibility of drawing up share sale plans in advance, aims to oppose a suspicion of insider trading by demonstrating the manager’s good faith and concern for transparency.