Insider trading scope expanded: relatives and associated persons now included as connected persons with access to UPSI. The amendment broadens connected person to include anyone associated with a company in the six months prior whose relationships or position reasonably allow access to unpublished price sensitive information, expressly adds firms, partners, employees and household members, defines 'relative' to include spouse, parents, siblings, children and their spouses, and clarifies that possession or access to UPSI makes one an 'insider' while preserving specified exonerating circumstances and placing initial onus on the person alleging access.
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Provisions expressly mentioned in the judgment/order text.
Insider trading scope expanded: relatives and associated persons now included as connected persons with access to UPSI.
The amendment broadens connected person to include anyone associated with a company in the six months prior whose relationships or position reasonably allow access to unpublished price sensitive information, expressly adds firms, partners, employees and household members, defines "relative" to include spouse, parents, siblings, children and their spouses, and clarifies that possession or access to UPSI makes one an "insider" while preserving specified exonerating circumstances and placing initial onus on the person alleging access.
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