Tom Ahmadifar

Mar 14, 2023 | lexblog.com | Val Dahiya |Tom Ahmadifar |Shekida A. Smith-Sandy

On March 10, 2023, volatility resulting from concerns regarding runs on certain banks triggered trading halts in those banks’ stocks on the New York Stock Exchange (NYSE) and Nasdaq. March 13, 2023, saw additional trading halts on bank stocks. This post provides a brief explanation of the Limit Up Limit Down (LULD) rules that pause and prevent trading in a single security from taking place outside a specific range, either up or down, from the average trading price during the previous five minutes.

Mar 9, 2023 | lexblog.com | Val Dahiya |Tom Ahmadifar

Last week, the DOJ unsealed an indictment against the CEO of a publicly traded healthcare company (the Executive) relating to charges of an insider trading scheme. The indictment represents the first time the DOJ has brought criminal insider trading charges stemming from an executive’s use of a Rule 10b5-1 trading plan. The investigation is part of a data-driven initiative led by the DOJ’s Fraud Section to identify executive abuses of 10b5-1 trading plans.

Mar 9, 2023 | publicchatter.com | Tom Ahmadifar |Perkins Coie

Last week, the DOJ unsealed an indictment against the CEO of a publicly traded healthcare company (the Executive) relating to charges of an insider trading scheme. The indictment represents the first time the DOJ has brought criminal insider trading charges stemming from an executive’s use of a Rule 10b5-1 trading plan. The investigation is part of a data-driven initiative led by the DOJ’s Fraud Section to identify executive abuses of 10b5-1 trading plans.