On April 25th, the SEC's Division of Corporation Finance released a group of Compliance and Disclosure Interpretations (C&DIs), which represent the Division's interpretations of the Exchange Act Rules.
The staff’s current release includes the following updates:
- Exchange Act Rules—Section 120. Manipulative and Deceptive Devices and Contrivances: Rule 10b5-1 includes two withdrawn questions, three new questions, and 19 revised questions
- Exchange Act Rules—Section 220. Manipulative and Deceptive Devices and Contrivances: Rule 10b5-1 includes one withdrawn question and one revised question
The Division seeks to ensure that investors have access to the decision-useful information they need to make informed investment and voting choices.
Source:
Compliance and Disclosure Interpretations: Update (sec.gov)
