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Company Liability for Insider Stock Ownership Reports

    Client Alerts
  • September 29, 2014
Earlier this month, the SEC announced charges against six public companies for contributing to their insiders’ failure to properly file Form 4s or for violating the Item 405 proxy disclosure requirements for late insider filings. In addition to issuing cease-and-desist orders, the SEC imposed fines ranging from $75,000 to $150,000 per company.

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