XBRL US submitted a comment letter in response to the Securities and Exchange Commission (SEC) proposal on Rule 10b5-1 and Insider Trading which aims to reduce potentially abusive practices associated with Rule 10b5-1(c)(1) trading arrangements. The proposal would require additional disclosures about Rule 10b5-1 trading arrangements to be provided in structured format to improve the transparency of such arrangements.
Read the letter: XBRL US Comment on Rule 10b51 and Insider Trading File No S7-20-21
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Accounting, AI, And Automation: Preparing for the Future of Finance
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