Roger Barton Published in Thomson Reuters: “Rule 10b5-1 gets an upgrade and drives scrutiny of Ontrak, SVB execs”

On March 24th, Managing Partner Roger Barton published an article in Reuters Legal News / Westlaw Today titled, “Rule 10b5-1 gets an upgrade and drives scrutiny of Ontrak, SVB execs.”

The article examines Rule 10b5-1 and its role in preventing corporate insiders from trading on the basis of material nonpublic information, including the rule’s affirmative defense against such allegations via pre-determined “10b5-1 trading plans.” The article analyzes the subsequent gaps in the regulations and looks at the various ways corporate insiders have likely been exploiting the rule, as illustrated by the recent investigations into the trading plans of corporate insiders at Ontrak, Inc. and Silicon Valley Bank. The piece also details the SEC’s recent updates to the 10b5-1 rule and the increased scrutiny being placed on executives trading under the rule’s auspice.

You can read the full article here.