Practice Areas

We regularly advise clients regarding the filing requirements of directors, officers and other persons required to file Forms 3, 4 and 5 with the Securities and Exchange Commission. Under the Sarbanes-Oxley Act, the time period within which these filings must be made has shortened to only one business day, so quick and accurate legal advice is often necessary to ensure proper compliance with the new rules. These filings can be especially complex in family trust or partnership situations or in connection with stock plan transactions. We have also advised and guided clients with respect to standard insider trading situations, including structuring insider trading policies and establishing Rule 10b5-1 plans. These plans permit insiders to embark on selling or purchasing programs, as long as the plan is established before the insider is aware of material nonpublic information.

Resources:

www.sec.gov