Unpublished price sensitive information: trading prohibited when in possession, with connected persons and insiders broadly defined and rebuttable. Definitions set the regulatory perimeter: insiders and connected persons are broadly defined and deemed to include relatives and specified categories under a rebuttable presumption; generally available information is limited to public, non discriminatory information; unpublished price sensitive information (UPSI) comprises non public information likely to materially affect securities price, with illustrative categories listed; 'trading' is widely defined to include subscribing, redeeming, switching and other dealings; and a compliance officer is required to monitor preservation of UPSI, trades and adherence to codes under board supervision.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Unpublished price sensitive information: trading prohibited when in possession, with connected persons and insiders broadly defined and rebuttable.
Definitions set the regulatory perimeter: insiders and connected persons are broadly defined and deemed to include relatives and specified categories under a rebuttable presumption; generally available information is limited to public, non discriminatory information; unpublished price sensitive information (UPSI) comprises non public information likely to materially affect securities price, with illustrative categories listed; "trading" is widely defined to include subscribing, redeeming, switching and other dealings; and a compliance officer is required to monitor preservation of UPSI, trades and adherence to codes under board supervision.
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