The company added that common stock purchases may be made from time to time in the open market or through privately negotiated transactions; and the company may also adopt Rule 10b5-1 prearranged stock trading plans to facilitate the repurchases during times it would not otherwise be in the market due to self-imposed trading blackout periods or possible possession of nonpublic information
The company may also adopt Rule 10b5-1 prearranged stock trading plans to facilitate the repurchase of its common stock during times it would not otherwise be in the market due to self-imposed trading blackout periods or possible possession of nonpublic information
Release date- 20082019 - The Securities and Exchange Commission today charged TherapeuticsMD Inc., a pharmaceutical company headquartered in Boca Raton, Florida, with violations of Regulation FD based on its sharing of material, nonpublic information
with sell-side research analysts without also disclosing the same information to the public.
The SEC's evidence at trial showed that Pirrello received0x20highly confidential nonpublic information
about the impending acquisitions of0x20Radiant Systems0x20Inc., Midas Incorporated0x20Inc., and BrightPoint0x20Inc.
In June 2018, Barr sent an unsolicited memo to the Justice Department claiming that the investigation was based on a "fatally misconceived" theory; at the time, Barr did not have access to the facts of the case and, during his confirmation hearing, said he "could not recall" if he received any nonpublic information
about the investigation.
District Court of New Jersey charged Gene Levoff, former Senior Director of Corporate Law and Corporate Secretary at Apple, with trading on "material nonpublic information
about Apple's earnings three times during 2015 and 2016."
Palabrica said the SRC of 2000 makes it unlawful for an "insider" to communicate material nonpublic information
about a company and its securities to any person whom the passer of the information knows or has reason to believe will likely buy or sell those stocks on the basis of such information.
In addition, the cyber rules require written and implemented policies for, among other things, the retention and disposal of nonpublic information
. Likewise, a business should have implemented encryption or other commensurate controls to protect the confidentiality and integrity of data in transit and at rest.
"If Congressman Culberson used his position of power, along with access to material nonpublic information
, in an effort to benefit himself personally then Congressman Culberson will have confirmed he is exactly what is wrong with Washington."
WISPs pursue objectives for security and confidentiality of nonpublic information
and security of information systems; protection against threats and hazards to security and integrity of, and unauthorized access to or use of, information and systems; and record retention and destruction.
The NAIC's Model Law applies to licenses and their efforts to protect nonpublic information
. The law calls for more accountability when it comes to protecting data, as each insurer must submit an annual statement by February 15 certifying compliance with Section 4: Information Security Program, or identifying areas that need improvement, as well as remediation plans.