Course

SEC Insider Trading & Rule 10b5-1 Plans

What Rule 10b5-1 actually requires, how to spot a plan that may not hold up, and how to advise executives before they trade.

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About this course

Insider trading liability can attach before an executive thinks they are doing anything wrong. This course explains Rule 10b5-1 from the advisor's point of view: what makes a plan valid, the 2022 amendments that changed cooling-off periods and single-trade plans, how to read plan disclosures, and the questions to ask before a client places an order. We also cover the documentation and timing issues that turn a defensive plan into a real liability shield.

Learning objectives

Explain the elements of Rule 10b5-1 and how it creates an affirmative defense
Identify the 2022 amendments that affect cooling-off periods, modifications, and single-trade plans
Review a Rule 10b5-1 plan disclosure and spot red flags in plan design
Advise executives on timing, documentation, and coordination with equity award transactions

Handouts

Course videos stream to enrolled participants and are not downloadable. Handouts are provided as PDFs.

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