Earlier this year, the Securities and Exchange Commission (SEC) adopted final rules amending Rule 10b5-1 under the Securities Exchange Act of 1934 (Exchange Act) and adding new disclosure requirements to Regulation S-K (the Release), previously reported here. These rules are intended to enhance investor protections against insider trading by giving shareholders more visibility into the trading practices of company insiders and the policies and procedures implemented by issuers to address insider trading concerns. The Release included an accelerated reporting requirement for gifts of securities made by public company insiders under Section 16 of the Exchange Act and also contained some cautionary language from the SEC regarding insider trading implications of gift-giving. Continue reading >