"""A Facebook spokesperson said all of Zuckerberg’s trading in Facebook stock had been done through plans set up under Securities and Exchange Commission Rule 10b5-1. The rule allows company insiders to avoid insider trading allegations by establishing formal plans to sell a predetermined number of shares at a preset time."""
So you can follow the rules and have sales on a schedule and not be labeled "insider trading", but restrict disclosure of information that would affect the price prior to the scheduled sales. So there needs to be a mandatory disclosure deadline once something is discovered. I'm not familiar with the law here, but how is it changing? It seems hard to classify different events as worthy of mandatory public disclosure when they vary across industries.
So you can follow the rules and have sales on a schedule and not be labeled "insider trading", but restrict disclosure of information that would affect the price prior to the scheduled sales. So there needs to be a mandatory disclosure deadline once something is discovered. I'm not familiar with the law here, but how is it changing? It seems hard to classify different events as worthy of mandatory public disclosure when they vary across industries.