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Form 16 See Rule 311a YADA Business Solution

Form 16 See Rule 311a YADA Business Solution

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Instructions and help about Form 16 see Rule 311a YADA Business Solution

I’m attorney Laura Anthony, founding partner of Legal & Compliance, a full service corporate securities and business transactions law firm. Today is a continuation in a LawCast series discussing Sections 16 and 13 of the Security Exchange Act related to insider reporting requirements, and the short swing trading profit prohibition. Today I am continuing to discuss Section 16 requirements and, in particular, the short swing trading profit prohibition. In addition to filing reports on Forms 3, 4 and 5 under Section 16, insiders, including officers, directors and 10% or greater shareholders, are prohibited from making profits in the short swing trading of the company securities. Section 16 is designed to discourage trading on inside information, and presumes that certain people inevitably benefit from their insider status. Under Section 16, any purchase and sale, or sale and purchase, of a reporting company’s securities by a company insider made during any given six-month period can b

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