In This Issue:

- Overview

- Insider Trading Law

- Insider Trading Penalties

- Cooperating with the Government

- Cooperating with the Department of Justice

- Cooperating with the Securities and Exchange Commission

- Conclusion

-Excerpt from Insider Trading Law:

“Insider trading” is an ambiguous term that includes both legal and illegal trading by insiders. Legal “insider trading” occurs when a corporate insider buys or sells stock in his or her own company and discloses the transactions to the SEC on Forms 3, 4, and 5. Legal insider trading might also include, for example, trading on information overheard between strangers sitting on a train or on information obtained through a non-confidential business relationship.

Originally published in ACC QuickCounsel on May 15, 2014.