This Policy Statement implements procedures to deter the misuse of material, nonpublic information in securities transactions. The Policy Statement applies to securities trading and information handling by directors, officers and employees of the company (including spouses, minor children and adult members of their households).
Policies and Procedures Designed to Detect and Prevent Insider Trading
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FAQ
Make sure you stay current about trading laws and company policies. You can do this by working closely with a knowledgeable attorney. Do Educate Employees: As an employer, you are responsible for educating your employees on insider trading. Make sure they are all aware of what it is and how to avoid it.
Just because someone is an insider who trades in the company's stock, that doesn't make the activity illegal, although the individual does need to report the trades to the Securities and Exchange Commission (SEC).
The Securities and Exchange Commission (SEC) prosecutes over 50 cases each year, with many being settled administratively out of court. The SEC and several stock exchanges actively monitor trading, looking for suspicious activity.
If someone is caught in the act of insider trading, he can either be sent to prison, charged a fine, or both. According to the SEC in the US, a conviction for insider trading may lead to a maximum fine of $5 million and up to 20 years of imprisonment.
General Purpose. Federal securities laws prohibit the purchase or sale of securities by persons who are aware of material nonpublic information about a company, as well as the disclosure of material, nonpublic information about a company to others who then trade in the company's securities.
SEC Tracking Market surveillance activities: This is one of the most important ways of identifying insider trading. The SEC uses sophisticated tools to detect illegal insider trading, especially around the time of important events such as earnings reports and key corporate developments.
Connect with an Insider Trading Whistleblower Attorney Just call 1-866-764-3100 or complete the contact form found at the bottom of this page.
Cross check your broker's stock tips. Beware of questioning potential insiders. Check with proper authorities. Accept Auditing. Implement insider trading policies.