Partner John Carney and Associates Lauren Lyster and Alexandra Karambelas authored an article published June 20, 2023, in Fortune.
In the article, titled “How the banking crisis catalyzed the government’s war on insider trading,” the authors write that the government “has ramped up its onslaught on the C-Suite.”
The Securities and Exchange Commission and Department of Justice “recently announced the first-ever prosecution of a CEO for insider trading based on an executive’s use of a 10b5-1 trading plan, a good-faith defense in the federal securities laws, specifically designed to protect executives against insider trading allegations,” they write.