On December 14, 2022, the SEC adopted final rules amending Rule 10b5-1 under the Securities Exchange Act of 1934 (the Exchange Act) and adding new disclosure requirements to Regulation S-K 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 final rules do not generally apply to Rule 10b5-1 plans adopted by issuers, which the SEC states are still under consideration. Continue reading >