Over the last year, the Securities and Exchange Commission (SEC) has made dramatic changes in the way insiders need to report securities transactions. Effective on Aug. 29, 2002, the reporting period shortened from as much as 40 days to just two. Said in another way, if an insider makes a trade on Monday, the SEC had better know about it by Wednesday. Welcome to the 21st century.
May 05, 2003 at 12:00 AM
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The original version of this story was published on National Law Journal
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