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SEC Adopts Insider Trading Blackout Rules
FIS Relius
Jan. 28, 2003 Excerpt: The new rules [went] into effect January 26, 2003.... For purposes of the prohibition a blackout period is period of more than three consecutive business days during which there is a restriction of the ability of at least 50% of the participants or beneficiaries under all defined contribution plans the issuer maintains to purchase, sell or otherwise acquire or transfer an interest in employer securities under the plan. MORE >> |
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